Edgar Filing: REPUBLIC BANCORP INC /KY/

Ownership Submission

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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3235-0287

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January 31, 2005

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

TRAGER SCOTT

2. Issuer Name and Ticker or Trading Symbol
REPUBLIC BANCORP INC /KY/ [RBCAA]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	__X__ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Vice Chairman

(Last)

(First)

(Middle)

601 WEST MARKET STREET

3. Date of Earliest Transaction (Month/Day/Year)
05/16/2005

(Street)

LOUISVILLE, KY 40202

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock								131,482 ⁽²⁾	D
Class A Common Stock								1,796.424 ⁽²⁾	I	By Jaytee Propertes Limited Partnership ⁽⁴⁾
Class A Common Stock								25,118 ⁽²⁾	I	By 401(k) Plan
Class A Common Stock								17,186.306 ⁽²⁾	I	By Teebank Family Limited Partnership ⁽⁵⁾
Class A Common Stock								18,638 ⁽²⁾	I	By Trager Family Irrevocable Trust ⁽⁶⁾
Class A Common Stock								2,028.444 ⁽²⁾ ⁽³⁾	I	By ESOP

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (right to buy) ⁽¹⁾

$ 22.84

05/16/2005

4,000

05/16/2009

05/15/2010

Class A Common Stock

4,000

$ 0

4,000

Employee Stock Option (right to buy) ⁽¹⁾

$ 22.84

05/16/2005

4,000

05/16/2010

05/15/2011

Class A Common Stock

4,000

$ 0

4,000

Employee Stock Option (right to buy) ⁽¹⁾

$ 22.84

05/16/2005

4,000

05/16/2011

05/15/2012

Class A Common Stock

4,000

$ 0

4,000

Employee Stock Option (right to buy) ⁽¹⁰⁾

$ 5.33

12/28/2005

12/27/2006

Class A Common Stock

16,537

16,537 ⁽²⁾

Employee Stock Option (right to buy) ⁽¹⁰⁾

$ 5.33

12/28/2006

12/27/2007

Class A Common Stock

16,537

16,537 ⁽²⁾

Employee Stock Option (right to buy) ⁽¹⁰⁾

$ 6.18

01/26/2006

01/25/2007

Class A Common Stock

5,512

5,512 ⁽²⁾

Employee Stock Option (right to buy) ⁽¹⁰⁾

$ 9.62

04/11/2007

04/10/2008

Class A Common Stock

11,025

11,025 ⁽²⁾

Employee Stock Option (right to buy) ⁽¹⁰⁾

$ 9.62

04/11/2008

04/10/2009

Class A Common Stock

11,025

11,025 ⁽²⁾

Class B Common Stock

⁽⁷⁾

⁽⁸⁾

⁽⁹⁾

Class A Common Stock

402.521

402.521 ⁽²⁾

By Jaytee Properties Limited Partnership ⁽⁴⁾

Class B Common Stock

⁽⁷⁾

⁽⁸⁾

⁽⁹⁾

Class A Common Stock

26,748

26,748 ⁽²⁾

Class B Common Stock

⁽⁷⁾

⁽⁸⁾

⁽⁹⁾

Class A Common Stock

1,080

By 401(k) Plan

Class B Common Stock

⁽⁷⁾

⁽⁸⁾

⁽⁹⁾

Class A Common Stock

3,726

3,726 ⁽²⁾

By Trager Family Irrevocable Trust ⁽⁶⁾

Class B Common Stock

⁽⁷⁾

⁽⁸⁾

⁽⁹⁾

Class A Common Stock

2,224.072

2,224.072 ⁽²⁾

By Teebank Family Limited Partnership ⁽⁵⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
TRAGER SCOTT 601 WEST MARKET STREET LOUISVILLE, KY 40202	X	X	Vice Chairman

Signatures

/s/ Scott Trager		05/18/2005
^**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)	Each of the options reported relates to a single grant.
(2)	On January 21, 2005, the Issuer declared a stock dividend, payable to all holders of record of Class A and Class B common stock on March 25, 2005, of .05 shares of Class A and Class B common stock, respectively, for each share of Class A and Class B common stock outstanding.
(3)	Includes 387.8404 shares of Class A common stock allocated to the reporting person under the ESOP, based on information provided by the plan administrator.
(4)	Jaytee Properties Limited Parthership is a family limited partnership of which the reporting person is a limited partner.
(5)	Teebank Family Limited Partnership is a family limited partnership of which the reporting person is a limited partner.
(6)	Trager Family Irrevocable Trust is a family trust of which the reporting person is a co-trustee and a beneficiary.
(7)	Conversion is on a share for share basis
(8)	Immediate
(9)	None
(10)	This option was previously reported but has been adjusted pursuant to anti-dilution provisions of Issuer's employee stock option plan to reflect the stock dividend declared by Issuer on January 21, 2005.

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