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^*

VEST DAVID

(Last)

(First)

(Middle)

601 W 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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
12/28/2005

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	12/28/2005		M		13,230	A	$5.33	54,117	D
Class A Common Stock	12/28/2005		F		3,136	D	$22.48	50,981	D
Class A Common Stock								2,028.4445	I	By ESOP
Class A Common Stock								8,901	I	By 401(k) plan
Class A Common Stock								771	I	By son

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)
Employee Stock Option (Right to Purchase)	$5.33	12/28/2005		M			13,230	12/28/2005	12/27/2006	Class A Common Stock	13,230	$0	0	D
Employee Stock Option (Right to Purchase)	$5.33							12/28/2006	12/27/2007	Class A Common Stock	13,230		13,230	D
Employee Stock Option (Right to Purchase)	$6.18							01/26/2006	01/25/2007	Class A Common Stock	4,134		4,134	D
Employee Stock Option (Right to Purchase)	$9.62							04/11/2007	04/10/2008	Class A Common Stock	11,025		11,025	D
Employee Stock Option (Right to Purchase)	$9.62							04/11/2008	04/10/2009	Class A Common Stock	11,025		11,025	D
Employee Stock Option (Right to Purchase)	$22.84							05/16/2009	05/15/2010	Class A Common Stock	4,000		4,000	D
Employee Stock Option (Right to Purchase)	$22.84							05/16/2010	05/15/2011	Class A Common Stock	4,000		4,000	D
Employee Stock Option (Right to Purchase)	$22.84							05/16/2011	05/15/2012	Class A Common Stock	4,000		4,000	D
Class B Common Stock	⁽¹⁾							⁽²⁾	⁽³⁾	Class A Common Stock	1,890		1,890	I	By 401(k) plan
Class B Common Stock	⁽¹⁾							⁽²⁾	⁽³⁾	Class A Common Stock	154		154	I	By son

Explanation of Responses:

1. Conversion is on a share for share basis.

2. Immediate.

3. None.

	/s/ David Vest	12/30/2005
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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