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 SCOTT
   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)
Vice Chairman
(Last)
(First)
(Middle)
601 WEST MARKET STREET		 3. Date of Earliest Transaction (Month/Day/Year)
03/20/2008
(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 03/20/2008   M   12,154 A $ 8.72 180,424.979 (1) D  
Class A Common Stock 03/20/2008   F   5,613 D $ 18.88 174,811.979 D  
Class A Common Stock               18,919.317 I By Teebank Family Limited Partnership (2)
Class A Common Stock               1,980.552 I By Jaytee Properties Limited Partnership (3)
Class A Common Stock               31,534.921 I By 401(k) Plan (4)
Class A Common Stock               51,697 I By Trager Family Irrevocable Trust (5)
Class A Common Stock               3,434.0042 (6) I By ESOP

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
Employee Stock Option (right to buy) $ 8.72 03/20/2008   M     12,154 04/11/2007 04/10/2008 Class A Common Stock 12,154 $ 0 0 D  
Employee Stock Option (right to buy) $ 8.72             04/11/2008 04/10/2009 Class A Common Stock 12,154   12,154 D  
Employee Stock Option (right to buy) $ 20.71             05/16/2009 05/15/2010 Class A Common Stock 4,410   4,410 D  
Employee Stock Option (right to buy) $ 20.71             05/16/2010 05/15/2011 Class A Common Stock 4,410   4,410 D  
Employee Stock Option (right to buy) $ 20.71             05/16/2011 05/15/2012 Class A Common Stock 4,410   4,410 D  
Employee Stock Option (right to buy) $ 23.87             12/08/2011 12/07/2012 Class A Common Stock 2,625   2,625 D  
Employee Stock Option (right to buy) $ 23.87             12/08/2012 12/07/2013 Class A Common Stock 2,625   2,625 D  
Class B Common Stock (7)               (8)   (9) Class A Common Stock 29,488   29,488 D  
Class B Common Stock (7)               (8)   (9) Class A Common Stock 2,480.615   2,480.615 I By Teebank Family Limited Partnership (2)
Class B Common Stock (7)               (8)   (9) Class A Common Stock 443.778   443.778 I By Jaytee Properties Limited Partnership (3)
Class B Common Stock (7)               (8)   (9) Class A Common Stock 4,107   4,107 I By Trager Family Irrevocable Trust (5)
Class B Common Stock (7)               (8)   (9) Class A Common Stock 1,190   1,190 I By 401(k) Plan

Reporting Owners

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

Signatures

 /s/ Scott Trager   03/21/2008
**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) Includes 80.026 shares of Class A Common Stock acquired on January 24, 2008 under the Republic Bancorp dividend reinvestment plan.
(2) Teebank Family Limited Partnership is a family limited partnership of which the reporting person is a limited partner.
(3) Jaytee Properties Limited Partnership is a family limited partnership of which the reporting person is a limited partner.
(4) Includes 232.809 shares of Class A Common Stock acquired under the Issuer's 401(k) plan, based on information provided by the plan trustee.
(5) Trager Family Irrevocable Trust is a family trust of which the reporting person is a co-trustee and a beneficiary.
(6) Includes 393.7696 shares of Class A Common Stock allocated to the reporting person under the ESOP, based on information provided by the plan administrator.
(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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