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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(Print or Type Responses)

1. Name and Address of Reporting Person * TRAGER BERNARD M   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) Chairman (Last) (First) (Middle) 601 WEST MARKET STREET 3. Date of Earliest Transaction (Month/Day/Year) 08/07/2006 (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) Code V Amount (A) or (D) Price Class A Common Stock               420,100 D   Class A Common Stock 08/07/2006   J   0 (1) D (1) (1) 3,551,942.837 I By Teebank Family Limited Partnership (1) Class A Common Stock 08/07/2006   J   0 (2) D (2) (2) 371,832.18 I By Jaytee Properties Limited Partnership (2) Class A Common Stock               7,515 I By 401(k) Plan Class A Common Stock               136,304.482 I By ESOP (3)

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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
Class B Common Stock	(4)	08/07/2006		J			0 (1)	(5)	(6)	Class A Common Stock	465,714.926	(1)	465,714.926	I	By Teebank Family Limited Partnership (1)
Class B Common Stock	(4)	08/07/2006		J			0 (2)	(5)	(6)	Class A Common Stock	83,315.707	(2)	83,315.707	I	By Jaytee Properties Limited Partnership (2)
Class B Common Stock	(4)							(5)	(6)	Class A Common Stock	638,448		638,448	D
Class B Common Stock	(4)							(5)	(6)	Class A Common Stock	135,966		135,966	I	By spouse
Class B Common Stock	(4)							(5)	(6)	Class A Common Stock	1,157		1,157	I	By 401(k) Plan

Reporting Owners

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

Signatures

/s/ Bernard M. Trager		08/09/2006
**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)	Teebank Family Limited Partnership is a family limited partnership of which the reporting person is a limited partner and of which the reporting person's wife is a limited partner and replaced the reporting person as a co-general partner in her capacity as trustee of a marital trust on August 7, 2006 in a transaction exempt under Rule 16a-13. The reporting person is reporting the shares of the family limited partnership only to the extent of his pecuniary interest therein.
(2)	Jaytee Properties Limited Partnership is a family limited partnership of which the reporting person is a limited partner and of which the reporting person's wife is a limited partner and replaced the reporting person as a co-general partner in her capacity as trustee of a marital trust on August 7, 2006 in a transaction exempt under Rule 16a-13. The reporting person is reporting the shares of the family limited partnership only to the extent of his pecuniary interest therein.
(3)	Includes 131,640.0464 unallocated shares of Class A Common Stock held by the ESOP, of which the reporting person serves as a member of the Administrative Committee, and 2,503.3836 shares of Class A Common Stock allocated under the ESOP to the reporting person's adult son. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is a beneficial owner of such securities. Also includes 2,161.0515 shares of Class A Common Stock allocated to the reporting person under the ESOP.
(4)	Conversion is on a share for share basis.
(5)	Immediate.
(6)	None.

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