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^*

HALE JEAN R

(Last)

(First)

(Middle)

PO BOX 2947

(Street)

PIKEVILLE

41502-2947

(City)

(State)

(Zip)

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman, President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/27/2009

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)
Common Stock	01/27/2009		A		1,223	A	$0	81,623	D
Common Stock								54,806⁽¹⁾	D
Common Stock								105,092⁽²⁾	D

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)
Option⁽³⁾	$15.368⁽⁴⁾							07/27/2004	07/27/2009	Common Stock	29,282⁽⁴⁾		29,282	D
Option⁽⁶⁾	$13.233⁽⁵⁾							01/25/2003	01/25/2010	Common Stock	2,976⁽⁵⁾		32,258	D
Option⁽⁶⁾	$13.233⁽⁵⁾							01/25/2004	01/25/2010	Common Stock	2,976⁽⁵⁾		35,234	D
Option⁽³⁾	$11.833⁽⁷⁾							01/23/2006	01/23/2011	Common Stock	13,310⁽⁷⁾		48,544	D
Option⁽³⁾	$16.717⁽⁸⁾							01/29/2007	01/29/2012	Common Stock	13,310⁽⁸⁾		61,854	D
Option⁽⁶⁾	$20.983⁽⁹⁾							01/17/2004	01/17/2013	Common Stock	3,097.5⁽⁹⁾		64,951.5	D
Option⁽⁶⁾	$20.983⁽⁹⁾							01/17/2005	01/17/2013	Common Stock	3,097.5⁽⁹⁾		68,049	D
Option⁽⁶⁾	$20.983⁽⁹⁾							01/17/2006	01/17/2013	Common Stock	3,097.5⁽⁹⁾		71,146.5	D
Option⁽⁶⁾	$20.983⁽⁹⁾							01/17/2007	01/17/2013	Common Stock	3,097.5⁽⁹⁾		74,244	D
Option⁽³⁾	$27.109⁽¹⁰⁾							01/27/2009	01/27/2014	Common Stock	8,250⁽¹⁰⁾		82,494	D
Option⁽⁶⁾	$30.88							01/28/2006	01/28/2015	Common Stock	2,388		84,882	D
Option⁽⁶⁾	$30.88							01/28/2007	01/28/2015	Common Stock	2,388		87,270	D
Option⁽⁶⁾	$30.88							01/28/2008	01/28/2015	Common Stock	2,388		89,658	D
Option⁽⁶⁾	$30.88							01/28/2009	01/28/2015	Common Stock	2,388		92,046	D
Option⁽⁶⁾	$32.44							01/27/2007	01/27/2016	Common Stock	2,466		94,512	D
Option⁽⁶⁾	$32.44							01/27/2008	01/27/2016	Common Stock	2,466		96,978	D
Option⁽⁶⁾	$32.44							01/27/2009	01/27/2016	Common Stock	2,466		99,444	D
Option⁽⁶⁾	$32.44							01/27/2010	01/27/2016	Common Stock	2,466		101,910	D
Option⁽¹¹⁾	$38.95							01/23/2008	01/23/2017	Common Stock	2,824.25		104,734.25	D
Option⁽¹¹⁾	$38.95							01/23/2009	01/23/2017	Common Stock	2,824.25		107,558.5	D
Option⁽¹¹⁾	$38.95							01/23/2010	01/23/2017	Common Stock	2,824.25		110,382.75	D
Option⁽¹¹⁾	$38.95							01/23/2011	01/23/2017	Common Stock	2,824.25		113,207	D
Option⁽¹²⁾	$28.32							01/29/2013	01/29/2018	Common Stock	6,250		119,457	D

Explanation of Responses:

1. 401(k) has 42,556 share and ESOP has 12,250 shares.

2. Stock Option Shares available for exercise.

3. Right to buy pursuant to Management Retention Incentive Stock Option Agreement (CTBI 1998 Stock Option Plan).

4. Option previously reported as covering 20,000 shares @$22.50 per share, adjusted to reflect 10% stock dividends effective 04/15/00, 12/15/02, 12/15/03, and 12/15/04.

5. Option previously reported as covering 2,032 shares @$19.375 per share, adjusted to reflect 10% stock dividends effective 04/15/00, 12/15/02, 12/15/03, and 12/15/04.

6. Right to buy pursuant to Incentive Stock Option Agreement (CTBI 1998 Stock Option Plan).

7. Option previously reported as covering 10,000 shares @$15.75 per share, adjusted to reflect 10% stock dividends effective 12/15/02, 12/15/03, and 12/15/04.

8. Option previously reported as covering 10,000 shares @$22.25 per share, adjusted to reflect 10% stock dividends effective 12/15/02, 12/15/03, and 12/15/04.

9. Option previously reported as covering 2,560 shares @$25.39 per share, adjusted to reflect 10% stock dividends effective 12/15/03, and 12/15/04.

10. Option previously reported as covering 7,500 shares @$29.82 per share, adjusted to reflect 10% stock dividend effective 12/15/04.

11. Right to buy pursuant to Incentive Stock Option Agreement (CTBI 2006 Stock Option Plan).

12. Right to buy pursuant to Non-Qualified Stock Option Agreement (CTBI 2006 Stock Ownership Incentive Plan).

	Jean R. Hale, By: Marilyn T. Justice, Attorney-in-Fact	01/29/2009
	** 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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