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 *
TRAGER STEVE
   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)
President and CEO
(Last)
(First)
(Middle)
601 WEST MARKET STREET		 3. Date of Earliest Transaction (Month/Day/Year)
07/07/2006
(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 07/07/2006   J   147,776.79 D (2) 1,629,639.187 I By Teebank Family Limited Partnership (1)
Class A Common Stock 07/07/2006   J   15,469.893 D (4) 170,597.424 I By Jaytee Properties Limited Partnership (3)
Class A Common Stock               98,396 D  
Class A Common Stock               7,122 I By spouse (5)
Class A Common Stock               7,213 I By 401(k) Plan
Class A Common Stock               136,304.482 I By ESOP (6)

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
Class B Common Stock (7) 07/07/2006   J     19,375.834   (8)   (9) Class A Common Stock 19,375.834 (2) 213,671.032 I By Teebank Family Limited Partnership (1)
Class B Common Stock (7) 07/07/2006   J     3,466.308   (8)   (9) Class A Common Stock 3,466.308 (4) 38,225.429 I By Jaytee Properties Limited Partnership (3)
Class B Common Stock (7)               (8)   (9) Class A Common Stock 16,205   16,205 D  
Class B Common Stock (7)               (8)   (9) Class A Common Stock 1,156   1,156 I By 401(k) Plan
Employee Stock Option (right to buy) $ 5.89             01/26/2006 01/25/2007 Class A Common Stock 5,787   5,787 D  
Employee Stock Option (right to buy) $ 10.07             04/11/2006 04/10/2007 Class A Common Stock 11,576   11,576 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
TRAGER STEVE
601 WEST MARKET STREET
LOUISVILLE, KY 40202		   X   X   President and CEO  

Signatures

 /s/ Steven E. Trager   07/10/2006
**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 general partner and a limited partner and of which trusts for the benefit of, among others, the reporting person and the reporting person's two minor children are limited partners. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(2) On July 7, 2006, an irrevocable trust distributed to its beneficiaries units representing an interest in the assets of Teebank Family Limited Partnership (including shares of Class A and Class B Common Stock of the Issuer). Partnership units representing the ownership of 147,776.789 shares of Class A Common Stock and 19,375.834 shares of Class B Common Stock were distributed to a revocable trust of which the reporting person is the trustee and a beneficiary, and the reporting person continues to report indirect beneficial ownership of those shares owned by the partnership. The irrevocable trust also distributed partnership units representing the ownership of 147,776.790 shares of Class A Common Stock and 19,375.834 shares of Class B Common Stock to a beneficiary in whose shares the reporting person has no pecuniary interest. The reporting person is no longer reporting beneficial ownership of those shares.
(3) 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 trusts for the benefit of, among others, the reporting person and the reporting person's two minor children are limited partners. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(4) On July 7, 2006, an irrevocable trust distributed to its beneficiaries units representing an interest in the assets of Jaytee Properties Limited Partnership (including shares of Class A and Class B Common Stock of the Issuer). Partnership units representing the ownership of 15,469.893 shares of Class A Common Stock and 3,466.308 shares of Class B Common Stock were distributed to a revocable trust of which the reporting person is the trustee and a beneficiary, and the reporting person continues to report indirect beneficial ownership of those shares owned by the partnership. The irrevocable trust also distributed partnership units representing the ownership of 15,469.893 shares of Class A Common Stock and 3,466.308 shares of Class B Common Stock to a beneficiary in whose shares the reporting person has no pecuniary interest. The reporting person is no longer reporting beneficial ownership of those shares.
(5) The reporting person disclaims beneficial ownership of these securities, and the report shall not be deemed an admisson that the reporting person is the beneficial owner of such securities.
(6) Includes 131,640.0464 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, and 2,161.0515 shares of Class A Common Stock allocated to the reporting person's father. 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 2,503.3836 shares of Class A Common Stock allocated to the reporting person under the ESOP.
(7) Conversion from Class B Common Stock to Class A Common Stock is on a share for share basis.
(8) Immediate.
(9) None.

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