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

OMB APPROVAL

OMB Number:

3235-0287

Expires:

January 31, 2005

Estimated average burden hours per response...

0.5

(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)
05/10/2006

(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)
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	12/02/2005		G		32,724	D	$ 0	420,100 ⁽¹⁾ ⁽²⁾ ⁽³⁾	D
Class A Common Stock	05/10/2006		S		5,365.502	D	⁽⁴⁾	3,551,942.837 ⁽¹⁾ ⁽²⁾	I	By Teebank Family Limited Partnership ⁽⁵⁾
Class A Common Stock								371,832.18 ⁽¹⁾ ⁽²⁾	I	By Jaytee Properties Limited Partnership ⁽⁶⁾
Class A Common Stock								7,515 ⁽¹⁾ ⁽²⁾	I	By 401(k) Plan
Class A Common Stock								136,304.482 ⁽¹⁾ ⁽²⁾	I	By ESOP ⁽⁷⁾

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

Class B Common Stock

⁽⁸⁾

05/10/2006

5,365.502

⁽⁹⁾

⁽¹⁰⁾

Class A Common Stock

5,365.502

⁽⁴⁾

465,714.926 ⁽¹⁾ ⁽²⁾

By Teebank Family Limited Partnership ⁽⁵⁾

Class B Common Stock

⁽⁸⁾

⁽⁹⁾

⁽¹⁰⁾

Class A Common Stock

83,315.707 ⁽¹⁾ ⁽²⁾

By Jaytee Properties Limited Partnership ⁽⁶⁾

Class B Common Stock

⁽⁸⁾

⁽⁹⁾

⁽¹⁰⁾

Class A Common Stock

638,448 ⁽¹⁾ ⁽²⁾

Class B Common Stock

⁽⁸⁾

⁽⁹⁾

⁽¹⁰⁾

Class A Common Stock

135,966 ⁽¹⁾ ⁽²⁾

By spouse

Class B Common Stock

⁽⁸⁾

⁽⁹⁾

⁽¹⁰⁾

Class A Common Stock

1,157 ⁽¹⁾ ⁽²⁾

By 401(k) Plan

Reporting Owners

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

Signatures

/s/ Bernard M. Trager		05/11/2006
^**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)	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.
(2)	On January 20, 2006, the Issuer declared a stock dividend, payable to all holders of record of Class A and Class B Common Stock on March 24, 2006, 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 100 shares of Class A Common Stock distributed to the reporting person under the Issuer's ESOP.
(4)	Teebank Family Limited Partnership acquired a total of 10,308 shares of Class B Common Stock in exchange for 10,308 shares of Class A Common Stock having a market value of $19.29 per share as of the date of the transaction. The reporting person is reporting the transaction by Teebank Family Limited Partnership only to the extent of his pecuniary interest therein.
(5)	Teebank Family Limited Partnership is a family limited partnership of which the reporting person is a general partner and a limited partner and of which the reporting person's wife is a limited partner.
(6)	Jaytee Properties Limited Partnership is a family limited partnership of which the reporting person is a general partner and a limited partner and of which the reporting person's wife is a limited partner.
(7)	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.
(8)	Conversion is on a share for share basis.
(9)	Immediate.
(10)	None.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.