0001179110-20-009071.txt : 20200817 0001179110-20-009071.hdr.sgml : 20200817 20200817151418 ACCESSION NUMBER: 0001179110-20-009071 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200813 FILED AS OF DATE: 20200817 DATE AS OF CHANGE: 20200817 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: TRAGER STEVE CENTRAL INDEX KEY: 0001078587 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-24649 FILM NUMBER: 201109582 MAIL ADDRESS: STREET 1: 601 W MARKET ST CITY: LOUISVILLE STATE: KY ZIP: 40202 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: REPUBLIC BANCORP INC /KY/ CENTRAL INDEX KEY: 0000921557 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 610862051 STATE OF INCORPORATION: KY FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: REPUBLIC CORPORATE CENTER STREET 2: 601 WEST MARKET ST CITY: LOUISVILLE STATE: KY ZIP: 40202 BUSINESS PHONE: 5025843600 MAIL ADDRESS: STREET 1: 601 W MARKET ST CITY: LOUISVILLE STATE: KY ZIP: 40202 4 1 edgar.xml FORM 4 - X0306 4 2020-08-13 0 0000921557 REPUBLIC BANCORP INC /KY/ RBCAA 0001078587 TRAGER STEVE 601 WEST MARKET STREET LOUISVILLE KY 40202 1 1 1 0 Chairman and CEO Class A Common Stock 81276 D Class A Common Stock 7478 I By Spouse Class A Common Stock 12085 I By 401(k) Plan Class A Common Stock 2020-08-14 4 S 0 225 32.31 D 0 I By LP Trust 2 Class A Common Stock 2020-08-15 4 S 0 0 32.31 D 482753.998 I By Jaytee Properties Limited Partnership Class A Common Stock 2020-08-15 4 S 0 0 32.31 D 5448168.641 I By Teebank Family Limited Partnership Class B Common Stock Class A Common Stock 17014 17014 D Class B Common Stock Class A Common Stock 1214.5 1214.5 I By 401(k) Plan Class B Common Stock 2020-08-13 5 G 0 E 142764 0.00 A Class A Common Stock 142764 814347 I By LP Trust 2 Class B Common Stock 2020-08-14 4 S 0 814347 32.31 D Class A Common Stock 814347 0 I By LP Trust 2 Class B Common Stock 2020-08-15 4 S 0 0 32.31 D Class A Common Stock 0 108169.715 I By Jaytee Properties Limited Partnership Class B Common Stock 2020-08-15 4 S 0 0 32.31 D Class A Common Stock 0 714339.170 I By Teebank Family Limited Partnership Jaytee Properties Limited Partnership ("Jaytee") is a family limited partnership. A trust ("GP Trust 1") in which the Reporting Person is a trustee is a co-General Partner of Jaytee. A trust ("GP Trust 2") in which the Reporting Person and his mother are co-trustees is the other co-General Partner of Jaytee. The Reporting Person is also the trustee of multiple trusts (the "LP Trusts") for the benefit of the Reporting Person and certain of the Reporting Person's immediate family members. The LP Trusts are limited partners of Jaytee. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Teebank Family Limited Partnership ("Teebank") is a family limited partnership. GP Trust 1 and GP Trust 2 are co-General Partners of Teebank. The LP Trusts are limited partners of Teebank. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The Reporting Person is the sole trustee of two LP Trusts ("LP Trust 1" and "LP Trust 2," respectively) the beneficiary of which is the Reporting Person's mother. The Reporting Person is also the sole trustee of two additional LP Trusts, the sole beneficiaries of which are the Reporting Person's two children ("LP Trust 3" and "LP Trust 4," respectively). On 08/13/2020, LP Trust 1 dissolved and all of its assets were transferred to LP Trust 2 for no consideration. The transferred assets included: 225 shares of Issuer Class A Common Stock, 671,583 shares of Issuer Class B Common Stock, 76,031 Jaytee LP Units and 293,541 Teebank LP Units. The Reporting Person previously reported the shares of Issuer stock held by LP Trust 1 as indirectly owned "By Trager Marital Trust". The Reporting Person continues to report indirect beneficial ownership of the shares of Issuer stock underlying LP Units through Teebank and Jaytee. On 08/13/2020, the Reporting Person's mother gifted 142,764 shares of Issuer Class B Common Stock to LP Trust 2. On 08/14/2020, LP Trust 2 transferred 225 shares of Issuer Class A Common Stock and 814,347 shares of Issuer Class B Common Stock to Teebank in consideration for one (1) Teebank GP Unit and a number of Teebank LP Units equal in value to the aggregate value of the shares of Issuer Class A Common Stock and Class B Common Stock that Teebank received. On 08/15/2020, in exchange for promissory notes from each transferee trust, LP Trust 2 sold all of its Teebank LP Units and all of its Jaytee LP Units in five equal portions to each of LP Trust 3, LP Trust 4 and three other LP Trusts in which the Reporting Person does not have a pecuniary interest. The number and value of Teebank LP Units and Jaytee LP Units (and the face value of the promissory notes) will be determined following an appraisal of the value of Teebank and Jaytee. The numbers of shares disclosed in Table I, Column 5 and Table II, Column 9 are the amounts beneficially owned before the transactions which are the subject of this report. As of the reporting date, Teebank and Jaytee have engaged a valuation firm to conduct an appraisal of their respective LP units. The appraised value of Teebank and Jaytee will be partially determined using the 08/14/2020 closing price of shares of Issuer Class A Common Stock. Upon receipt of the appraisal, the Reporting Person expects to file an amendment to this report to update the numbers of shares disclosed in Table I and Table II and to disclose the number of Issuer securities that were sold to LP Trusts 3 and 4, and to the trusts in which the Reporting Person does not have a pecuniary interest. The Reporting Person will continue to report his pecuniary interest in the shares represented by the Teebank and Jaytee LP Units sold to LP Trusts 3 and 4. The Reporting Person disclaims beneficial ownership of these securities and the report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities. Class B Common Stock is immediately convertible into Class A Common Stock on a one share for one share basis. Immediate. None. /s/ Steven E. Trager 2020-08-17