Sec Form 4 Filing - JONES LARRY W @ COMMUNITY TRUST BANCORP INC /KY/ - 2014-12-04

Insider filing report for Changes in Beneficial Ownership
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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
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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1. Name and Address of Reporting Person
JONES LARRY W
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 President
(Last) (First) (Middle)
100 EAST VINE STREET
3. Date of Earliest Transaction (MM/DD/YY)
12/04/2014
(Street)
LEXINGTON, KY40507-1406
4. If Amendment, Date Original Filed (MM/DD/YY)
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 ( 1 ) 12/04/2014 M 1,282.5 A $ 28.073 9,712.5 D
Common Stock 12/04/2014 M 1,282.5 A $ 28.073 10,995 D
Common Stock 12/08/2014 S 750 D $ 36.5 10,245 D
Common Stock 12/08/2014 S 1,815 D $ 36.36 8,430 D
Common Stock 207.0851 I By: ESOP
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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 ( 2 ) $ 28.073 ( 3 ) 12/04/2014 M 1,282.5 ( 3 ) 01/28/2008 01/28/2015 Common Stock 1,282.5 ( 3 ) $ 28.073 ( 3 ) 1,282.5 D
Option ( 2 ) $ 28.073 ( 3 ) 12/04/2014 M 1,282.5 ( 3 ) 01/28/2009 02/28/2015 Common Stock 1,282.5 ( 3 ) $ 28.073 ( 3 ) 0 D
Option ( 2 ) $ 29.491 ( 4 ) 01/27/2007 01/27/2016 Common Stock 1,271.25 ( 4 ) 1,271.25 D
Option ( 2 ) $ 29.491 ( 4 ) 01/27/2008 01/27/2016 Common Stock 1,271.25 ( 4 ) 2,542.5 D
Option ( 2 ) $ 29.491 ( 4 ) 01/27/2009 01/27/2016 Common Stock 1,271.25 ( 4 ) 3,813.75 D
Option ( 2 ) $ 29.491 ( 4 ) 01/27/2010 01/27/2016 Common Stock 1,271.25 ( 4 ) 5,085 D
Option ( 5 ) $ 35.409 ( 6 ) 01/23/2008 01/23/2017 Common Stock 1,390.25 ( 6 ) 6,475.25 D
Option ( 5 ) $ 35.409 ( 6 ) 01/23/2009 01/23/2017 Common Stock 1,390.25 ( 6 ) 7,865.5 D
Option ( 5 ) $ 35.409 ( 6 ) 01/23/2010 01/23/2017 Common Stock 1,390.25 ( 6 ) 9,255.75 D
Option ( 5 ) $ 35.409 ( 6 ) 01/23/2011 01/23/2017 Common Stock 1,390.25 ( 6 ) 10,646 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
JONES LARRY W
100 EAST VINE STREET
LEXINGTON, KY40507-1406
Executive Vice President
Signatures
Larry W. Jones By: Marilyn T. Justice, Attorney-in-Fact 12/08/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On April 29, 2014, CTBI declared a 10% stock dividend payable to all holders of common stock on record date May 15, 2014, payable June 2, 2014. As a result, the reporting person received an additional 766 shares directly.
( 2 )Right to buy pursuant to Incentive Stock Option Agreement (CTBI 1998 Stock Option Plan).
( 3 )Option previously reported as covering 1,166 shares @$30.88 per share, adjusted to reflect the 10% stock dividend effective 06/02/14.
( 4 )Option previously reported as covering 1,155.75 shares @$32.44 per share, adjusted to reflect the 10% stock dividend effective 06/02/14.
( 5 )Right to buy pursuant to Incentive Stock Option Agreement (CTBI 2006 Stock Option Plan).
( 6 )Option previously reported as covering 1,263.75 shares @$38.95 per share, adjusted to reflect the 10% stock dividend effective 06/02/14.

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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