Sec Form 4 Filing - SMITH CHARLES D @ LAKELAND FINANCIAL CORP - 2011-08-05

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
SMITH CHARLES D
2. Issuer Name and Ticker or Trading Symbol
LAKELAND FINANCIAL CORP [ LKFN]
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)
1902 N. BAY DR.
3. Date of Earliest Transaction (MM/DD/YY)
08/05/2011
(Street)
WARSAW, IN46580
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 08/05/2011 M 100 A $ 0 825 D
Common Stock 08/05/2011 S 100 D $ 23.5 725 D
Common Stock 83,103 I 401(k) Plan
Common Stock 773 I By Spouse
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
Stock Options (Right to Buy) $ 8.125 08/05/2011 M 100 12/11/2006 12/11/2011 Common Stock 100 $ 0 2,700 D
Restricted Stock Units $ 0 ( 1 ) 02/05/2012 02/05/2012( 2 ) Common Stock 6,161 6,161 D
Restricted Stock Units ( 3 ) $ 0 03/15/2012 03/15/2012( 2 ) Common Stock 4,000 4,000 D
Restricted Stock Units ( 3 ) $ 0 ( 1 ) 02/01/2013 02/01/2013( 2 ) Common Stock 4,000 4,000 D
Restricted Stock Units ( 3 ) $ 0 ( 1 ) 02/01/2014 02/01/2014( 2 ) Common Stock 4,000 4,000 D
Stock Options (Right to Buy) $ 17.185 12/09/2008 12/09/2013 Common Stock 10,000 10,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SMITH CHARLES D
1902 N. BAY DR.
WARSAW, IN46580
Executive Vice President
Signatures
Teresa A. Bartman, Attorney-in-Fact 08/09/2011
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each Restricted Stock Unit exercises into 1 share of Common Stock.
( 2 )Restricted Stock Unit awards are a conditional promise to transfer a share at a specific futurue date and do not have an expiration date.
( 3 )The Restricted Stock Units are subject to forfeiture based on corporate performance criteria.

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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