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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(Print or Type Responses)
1. Name and Address of Reporting Person *
TUCKER TERRY L
   2. Issuer Name and Ticker or Trading Symbol
LAKELAND FINANCIAL CORP [LKFN] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
1510 COUNTRY CLUB DR		 3. Date of Earliest Transaction (Month/Day/Year)
07/12/2005
(Street)

WARSAW, IN 46580		 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               5,280 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Phantom Stock (1)             04/26/2005 04/26/2015 Common Stock 38   38 D  
Phantom Stock $ 0             01/01/2003 01/01/2003 Common Stock 4,378.2   4,378.2 D  
Phantom Stock $ 0             01/07/2003 01/07/2013 Common Stock 297.3   297.3 D  
Phantom Stock $ 0             01/28/2003 01/28/2013 Common Stock 33.8   33.8 D  
Phantom Stock $ 0             04/28/2003 04/28/2013 Common Stock 33.7   33.7 D  
Phantom Stock $ 0             07/10/2003 07/10/2013 Common Stock 264.5   264.5 D  
Phantom Stock $ 0             07/30/2003 07/30/2013 Common Stock 28   28 D  
Phantom Stock $ 0             10/27/2003 10/27/2013 Common Stock 28   28 D  
Phantom Stock $ 0             01/16/2004 01/16/2014 Common Stock 276.5   276.5 D  
Phantom Stock $ 0             01/26/2004 01/26/2014 Common Stock 26   26 D  
Phantom Stock $ 0             04/28/2004 04/28/2014 Common Stock 34   34 D  
Phantom Stock $ 0             07/14/2004 07/14/2014 Common Stock 262   262 D  
Phantom Stock $ 0             07/26/2004 07/26/2014 Common Stock 36   36 D  
Phantom Stock $ 0             10/26/2004 10/26/2014 Common Stock 34   34 D  
Phantom Stock $ 0             01/11/2005 01/11/2015 Common Stock 255   255 D  
Phantom Stock $ 0             01/26/2005 01/26/2015 Common Stock 30   30 D  
Phantom Stock (1) 07/12/2005   A   257   07/12/2005(2) 07/12/2015(3) Common Stock 257 $ 43.8 257 D  
Stock Options (Right to buy) $ 13.5             06/13/2005 06/13/2010 Common Stock 500   500 D  
Stock Options (Right to buy) $ 13.625             01/09/2006 01/09/2011 Common Stock 1,000   1,000 D  
Stock Options (Right to buy) $ 15.125             02/08/2005 02/08/2010 Common Stock 600   600 D  
Stock Options (Right to buy) $ 19.4375             02/09/2004 02/09/2009 Common Stock 575   575 D  
Stock Options (Right to buy) $ 28             05/12/2003 05/10/2008 Common Stock 925   925 D  
Stock Options (Right to buy) $ 34.37             12/09/2008 12/09/2013 Common Stock 500   500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
TUCKER TERRY L
1510 COUNTRY CLUB DR
WARSAW, IN 46580		   X      

Signatures

 Teresa A. Bartman, Attorney-in-Fact   07/13/2005
**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).
(3) Phantom shares expire after the directors' retirement as a Board member.
(2) Phantom stock is exercisable after the directors' retirement as a Board member.
(1) Each phantom stock unit exersises into 1 share of Common Stock.

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