SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

TRAGER BERNARD M

(Last)

(First)

(Middle)

601 WEST MARKET STREET

(Street)

LOUISVILLE

40202

(City)

(State)

(Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/07/2005

4. If Amendment, Date of 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

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	12/27/2004		G	V	9,420	D	$0	412,578	D
Class A Common Stock	02/07/2005		S		525	D	⁽⁴⁾	412,116⁽⁹⁾	D
Class A Common Stock								6,818	I	By 401(k) Plan
Class A Common Stock	12/27/2004		G⁽³⁾	V	8,501.643	D	$0	3,234,354.271	I	By Teebank Family Limited Partnership⁽²⁾
Class A Common Stock	02/27/2005		G⁽³⁾	V	7,770.186	D	$0	3,226,584.085	I	By Teebank Family Limited Partnership⁽²⁾
Class A Common Stock								187,732.59	I	By ESOP⁽⁸⁾
Class A Common Stock	12/27/2004		G⁽³⁾	V	888.646	D	$0	338,075.715	I	By Jaytee Properties Limited Partnership⁽¹⁾
Class A Common Stock	02/07/2005		G⁽³⁾	V	812.19	D	$0	337,263.525	I	By Jaytee Properties Limited Partnership⁽¹⁾

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽⁵⁾	12/27/2004		G⁽³⁾	V		199.118	⁽⁶⁾	⁽⁷⁾	Class A Common Stock	199.118	$0	75,751.859	I	By Jaytee Properties Limited Partnership⁽¹⁾
Class B Common Stock	⁽⁵⁾	02/07/2005		G⁽³⁾	V		181.984	⁽⁶⁾	⁽⁷⁾	Class A Common Stock	181.984	$0	75,569.875	I	By Jaytee Properties Limited Partnership⁽¹⁾
Class B Common Stock	⁽⁵⁾	12/27/2004		G⁽³⁾	V		1,100.194	⁽⁶⁾	⁽⁷⁾	Class A Common Stock	1,100.194	$0	418,556.391	I	By Teebank Family Limited Partnership⁽²⁾
Class B Common Stock	⁽⁵⁾	02/07/2005		G⁽³⁾	V		1,005.536	⁽⁶⁾	⁽⁷⁾	Class A Common Stock	1,005.536	$0	417,550.855	I	By Teebank Family Limited Partnership⁽²⁾
Class B Common Stock	⁽⁵⁾	02/07/2005		P		525		⁽⁶⁾	⁽⁷⁾	Class A Common Stock	525	⁽⁴⁾	579,094	D
Class B Common Stock	⁽⁵⁾							⁽⁶⁾	⁽⁷⁾	Class A Common Stock	$0		123,326	I	By Spouse
Class B Common Stock	⁽⁵⁾							⁽⁶⁾	⁽⁷⁾	Class A Common Stock	$0		1,050	I	By 401(k) Plan

Explanation of Responses:

1. 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.

2. 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.

3. Gifts reported herein consisted of units representing an interest in the partnership's assets.

4. The reporting person acquired a total of 525 shares of Class B Common Stock in exchange for 525 shares of Class A Common Stock having an opening market price of $27.09 per share as of the date of the transaction.

5. Conversion is on a share for share basis.

6. Immediate.

7. None.

8. Includes 184,978.4229 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 1,470.4876 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 1,283.6796 shares of Class A Common Stock allocated to the reporting person under the ESOP.

9. Includes 63 shares of Class A Common Stock distributed to the reporting person under the issuer's ESOP.

	/s/ Bernard M. Trager	02/09/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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