X0306 4 2020-01-04 0 0001000232 KENTUCKY BANCSHARES INC /KY/ KTYB.OB 0001398365 Dawson Gregory J PO BOX 157 PARIS KY 40362-0157 0 1 0 0 Sr VP, CFO Common Shares 2020-03-01 4 F 0 117 22.6 D 17119 D Common Shares 2020-03-01 4 A 0 1670 0 A 17236 D Common Shares 2020-01-04 4 F 0 98 23.5 D 15566 D To satisfy withholding obligations associated with the vesting of restricted stock that were issued as shares on 3/1/19 pursuant to the 2009 Stock Award Plan, the reporting person surrendered 117 shares of Common Shares. To satisfy withholding obligations associated with the vesting of restricted stock that were issued as shares on 1/4/19 pursuant to the 2009 Stock Award Plan, the reporting person surrendered 98 shares of Common Shares. The closing price of KTYB on 2/11/20 was used to calculate the withholding obligation. The closing price of KTYB on 12/31/19 was used to calculate the withholding obligation. Gregory J. Dawson 2020-03-03