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 * PETTER BILL   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 _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Vice Chairman & COO (Last) (First) (Middle) 601 W MARKET ST 3. Date of Earliest Transaction (Month/Day/Year) 01/26/2006 (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 01/26/2006   M   5,512 (1) A $ 6.18 (1) 142,533 D   Class A Common Stock 01/26/2006   F   1,649 D $ 20.65 140,884 D   Class A Common Stock               163,731.867 I By ESOP (2) Class A Common Stock               12,868 I By 401(k) Plan

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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 Purchase)

$ 6.18 (1)

01/26/2006

M

5,512 (1)

01/26/2006

01/25/2007

Class A Common Stock

5,512 (1)

$ 0

0

D

Employee Stock Option (Right to Purchase)

$ 5.33 (3)

12/28/2006

12/27/2007

Class A Common Stock

16,537 (3)

16,537 (3)

D

Employee Stock Option (Right to Purchase)

$ 9.62 (4)

04/11/2007

04/10/2008

Class A Common Stock

11,025 (4)

11,025 (4)

D

Employee Stock Option (Right to Purchase)

$ 9.62 (4)

04/11/2008

04/10/2009

Class A Common Stock

11,025 (4)

11,025 (4)

D

Class B Common Stock

(5)

(6)

(7)

Class A Common Stock

0

2,205

I

By 401(k) Plan

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
PETTER BILL 601 W MARKET ST LOUISVILLE, KY 40202	X		Vice Chairman & COO

Signatures

/s/ Bill Petter		01/27/2006
**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)	This option was previously reported as an option for 5,000 shares of common stock at an exercise price of $6.81 per share, but was adjusted to reflect the stock dividends declared by Issuer on March 18, 2004 and January 21, 2005. As a result of the stock dividends, pursuant to the anti-dilution provisions of Issuer's employee stock option plan, the option entitled the reporting person to receive, upon exercise, a total of 5,512 shares of Class A Common Stock at an exercise price of $6.18 per share.
(2)	Includes 161,703.4222 unallocated shares of Class A Common Stock held by the Issuer's ESOP, of which the reporting person serves as a member of the Administrative Committee. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities. Also includes 2,028.4446 shares of Class A Common Stock allocated to the reporting person under the ESOP, based on information provided by the plan administrator.
(3)	This option was previously reported as an option for 15,000 shares of common stock at an exercise price of $5.88 per share, but was adjusted to reflect the stock dividends declared by Issuer on March 18, 2004 and January 21, 2005. As a result of the stock dividends, pursuant to the anti-dilution provisions of Issuer's employee stock option plan, the option entitled the reporting person to receive, upon exercise, a total of 16,537 shares of Class A Common Stock at an exercise price of $5.33 per share.
(4)	This option was previously reported as an option for 10,000 shares of common stock at an exercise price of $10.60 per share, but was adjusted to reflect the stock dividends declared by Issuer on March 18, 2004 and January 21, 2005. As a result of the stock dividends, pursuant to the anti-dilution provisions of Issuer's employee stock option plan, the option entitled the reporting person to receive, upon exercise, a total of 11,025 shares of Class A Common Stock at an exercise price of $9.62 per share.
(5)	Conversion is on a share for share basis.
(6)	Immediate.
(7)	None.

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