X0202 4 2007-10-23 0 0001000232 KENTUCKY BANCSHARES INC /KY/ KTYB.OB 0001398371 Woodford Buckner IV PO BOX 157 PARIS KY 40362-0157 1 1 0 0 Chairman of the Board Common Shares 2007-10-23 4 S 0 1050 34.1428 D 229936 D Common Shares 8000 I By Wife Employee Stock Option (Right to Buy) 20.625 2009-01-12 Common Shares 3600 3600 D Employee Stock Option (Right to Buy) 24 2010-01-03 Common Shares 500 500 D Employee Stock Option (Right to Buy) 23.50 2011-01-02 Common Shares 500 500 D Employee Stock Option (Right to Buy) 26 2012-01-02 Common Shares 500 500 D Employee Stock Option (Right to Buy) 25.50 2013-01-02 Common Shares 1000 1000 D Employee Stock Option (Right to Buy) 33.90 2014-01-02 Common Shares 1000 1000 D Employee Stock Option (Right to Buy) 30.50 2015-01-03 Common Shares 1000 1000 D The option became or becomes, as the case may be, exercisable in 5 equal annual installments beginning on the first anniversary of the date of grant, which is 10 years before the expiration date reported. Buckner Woodford 2007-10-24