XNAS:CTBI Community Trust Bancorp Inc Insider Activity 4 Filing - 5/24/2012

Effective Date 5/24/2012

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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 *
GOOCH MARK A
  2. Issuer Name and Ticker or Trading Symbol
COMMUNITY TRUST BANCORP INC /KY/ [CTBI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Vice Pres./Secretary
(Last)
(First)
(Middle)
PO BOX 2947
3. Date of Earliest Transaction (Month/Day/Year)
05/24/2012
(Street)

PIKEVILLE, KY 41502-2947
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
Common Stock 05/24/2012   M   9,293 A $20.983 23,111 D  
Common Stock 05/24/2012   S   9,293 D $33.2596 13,818 D  
Common Stock               10,396.4884 I By ESOP
Common Stock               11,697.3234 I By 401(k)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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
Option(1) $20.983(2) 05/24/2012   M     2,323.25(2) 01/17/2004 01/17/2003 Common Stock 2,323.25 $20.983 0 D  
Option(1) $20.983(2) 05/24/2012   M     2,323.25(2) 01/17/2005 01/17/2013 Common Stock 2,323.25 $20.983 0 D  
Option(1) $20.983(2) 05/24/2012   M     2,323.25(2) 01/17/2006 01/17/2013 Common Stock 2,323.25 $20.983 0 D  
Option(1) $20.983(2) 05/24/2012   M     2,323.25(2) 01/17/2007 01/17/2013 Common Stock 2,323.25 $20.983 0 D  
Option(1) $27.109(3)             01/27/2009 01/27/2014 Common Stock 5,500(3)   5,500 D  
Option(1) $30.88             01/28/2006 01/28/2015 Common Stock 1,821   7,321 D  
Option(1) $30.88             01/28/2007 01/28/2015 Common Stock 1,821   9,142 D  
Option(1) $30.88             01/28/2008 01/28/2015 Common Stock 1,821   10,963 D  
Option(1) $30.88             01/28/2009 01/28/2015 Common Stock 1,821   12,784 D  
Option(1) $32.44             01/27/2007 01/27/2016 Common Stock 1,888   14,672 D  
Option(1) $32.44             01/27/2008 01/27/2016 Common Stock 1,888   16,560 D  
Option(1) $32.44             01/27/2009 01/27/2016 Common Stock 1,888   18,448 D  
Option(1) $32.44             01/27/2010 01/27/2016 Common Stock 1,888   20,336 D  
Option(4) $38.95             01/23/2008 01/23/2017 Common Stock 2,166.25   22,502.25 D  
Option(4) $38.95             01/23/2009 01/23/2017 Common Stock 2,166.25   24,668.5 D  
Option(4) $38.95             01/23/2010 01/23/2017 Common Stock 2,166.25   26,834.75 D  
Option(4) $38.95             01/23/2011 01/23/2017 Common Stock 2,166.25   29,001 D  
Option(5) $28.32             01/29/2013 01/29/2018 Common Stock 5,000   34,001 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GOOCH MARK A
PO BOX 2947
PIKEVILLE, KY 41502-2947
      Executive Vice Pres./Secretary  

Signatures

 Mark A. Gooch By: Marilyn T. Justice, Attorney-in-Fact   05/24/2012
** 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) Right to buy pursuant to Incentive Stock Option Agreement (CTBI 1998 Stock Option Plan).
(2) Option previously reported as covering 1,920 shares @$25.39 per share, adjusted to reflect 10% stock dividends effective 12/15/03, and 12/15/04.
(3) Option previously reported as covering 5,000 shares @$29.82 per share, adjusted to reflect 10% stock dividend effective 12/15/04.
(4) Right to buy pursuant to Incentive Stock Option Agreement (CTBI 2006 Stock Option Plan).
(5) Right to buy pursuant to Non-Qualified Stock Option Agreement (CTBI 2006 Stock Ownership Incentive Plan).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

XNAS:CTBI Community Trust Bancorp Inc Insider Activity 4 Filling

Community Trust Bancorp Inc XNAS:CTBI Stock - Get Insider Activity SEC Filing of Community Trust Bancorp Inc XNAS:CTBI stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

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XNAS:CTBI Community Trust Bancorp Inc Insider Activity 4 Filing - 5/24/2012
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