FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * HUTCHISON LARRY M   2. Issuer Name and Ticker or Trading Symbol TORCHMARK CORP [TMK] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP & General Counsel (Last) (First) (Middle) UNITED AMERICAN INSURANCE COMPANY, 3700 SOUTH STONEBRIDGE DRIVE 3. Date of Earliest Transaction (Month/Day/Year) 05/04/2005 (Street) MCKINNEY, TX 75070 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 05/05/2005   M   15,471 A $ 34.5 45,806 D   Common Stock 05/05/2005   M   60,000 A $ 27.8125 106,806 D   Common Stock 05/05/2005   M   54,000 A $ 37.375 160,806 D   Common Stock 05/05/2005   M   32,466 A $ 41.26 193,272 D   Common Stock 05/05/2005   M   1,721 A $ 33.4375 194,993 D   Common Stock 05/05/2005   M   12,500 A $ 33.4375 207,493 D   Common Stock 05/05/2005   M   60,000 A $ 38.2 267,493 D   Common Stock 05/05/2005   M   30,000 A $ 37.44 297,493 D   Common Stock 05/05/2005   S   172,660 D $ 54.77 124,833 D   Common Stock 05/05/2005   S   41,689 D $ 54.77 83,144 D   Common Stock               10,987 (1) I Thrift Plan Trust

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (Right to Buy)

$ 54.77

05/04/2005

A

186,685

11/04/2005

05/04/2012

Common Stock

186,685

$ 0

186,685

D

Employee Stock Option (Right to Buy)

$ 34.5

05/05/2005

M

15,471

05/15/2000

11/17/2009

Common Stock

15,471

$ 0

0

D

Employee Stock Option (Right to Buy)

$ 27.8125

05/05/2005

M

60,000

12/21/2002

12/23/2009

Common Stock

60,000

$ 0

0

D

Employee Stock Option (Right to Buy)

$ 37.375

05/05/2005

M

54,000

12/20/2003

12/22/2010

Common stock

54,000

$ 0

0

D

Employee Stock Option (Right to Buy)

$ 41.26

05/05/2005

M

32,466

02/09/2002

08/11/2011

Common Stock

32,466

$ 0

22,376

D

Employee Stock Option (Right to Buy)

$ 33.4375

05/05/2005

M

1,721

(2)

12/16/2009

Common Stock

1,721

$ 0

1,722

D

Employee Stock Option (Right to Buy)

$ 33.4375

05/05/2005

M

12,500

12/16/2001

12/18/2008

Common Stock

12,500

$ 0

0

D

Employee Stock Option (Right to Buy)

$ 38.2

05/05/2005

M

60,000

12/13/2004

12/15/2011

Common Stock

60,000

$ 0

0

D

Employee Stock Option (Right to Buy)

$ 37.44

05/05/2005

M

30,000

12/16/2004

12/18/2012

Common stock

30,000

$ 0

30,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HUTCHISON LARRY M UNITED AMERICAN INSURANCE COMPANY 3700 SOUTH STONEBRIDGE DRIVE MCKINNEY, TX 75070			EVP & General Counsel

Signatures

Larry M. Hutchison, By:/s/Carol A. McCoy, Attorney-in-fact		05/06/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Shares in unitized fund in employee benefit plan - estimated conversion of $ balance to shares using $54.77 per share.
(2)	Vests as to 1/10 of option shares per year on anniversary of grant date, commencing 12/16/1999.

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