Ownership Submission
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 *
TRAGER BERNARD M
  2. Issuer Name and Ticker or Trading Symbol
REPUBLIC BANCORP INC /KY/ [RBCAA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman
(Last)
(First)
(Middle)
601 WEST MARKET STREET
3. Date of Earliest Transaction (Month/Day/Year)
08/07/2006
(Street)

LOUISVILLE, KY 40202
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
Class A Common Stock               420,100 D  
Class A Common Stock 08/07/2006   J   0 (1) D (1) (1) 3,551,942.837 I By Teebank Family Limited Partnership (1)
Class A Common Stock 08/07/2006   J   0 (2) D (2) (2) 371,832.18 I By Jaytee Properties Limited Partnership (2)
Class A Common Stock               7,515 I By 401(k) Plan
Class A Common Stock               136,304.482 I By ESOP (3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Class B Common Stock (4) 08/07/2006   J     0 (1)   (5)   (6) Class A Common Stock 465,714.926 (1) 465,714.926 I By Teebank Family Limited Partnership (1)
Class B Common Stock (4) 08/07/2006   J     0 (2)   (5)   (6) Class A Common Stock 83,315.707 (2) 83,315.707 I By Jaytee Properties Limited Partnership (2)
Class B Common Stock (4)               (5)   (6) Class A Common Stock 638,448   638,448 D  
Class B Common Stock (4)               (5)   (6) Class A Common Stock 135,966   135,966 I By spouse
Class B Common Stock (4)               (5)   (6) Class A Common Stock 1,157   1,157 I By 401(k) Plan

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
TRAGER BERNARD M
601 WEST MARKET STREET
LOUISVILLE, KY 40202
  X   X   Chairman  

Signatures

 /s/ Bernard M. Trager   08/09/2006
**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) Teebank Family Limited Partnership is a family limited partnership of which the reporting person is a limited partner and of which the reporting person's wife is a limited partner and replaced the reporting person as a co-general partner in her capacity as trustee of a marital trust on August 7, 2006 in a transaction exempt under Rule 16a-13. The reporting person is reporting the shares of the family limited partnership only to the extent of his pecuniary interest therein.
(2) Jaytee Properties Limited Partnership is a family limited partnership of which the reporting person is a limited partner and of which the reporting person's wife is a limited partner and replaced the reporting person as a co-general partner in her capacity as trustee of a marital trust on August 7, 2006 in a transaction exempt under Rule 16a-13. The reporting person is reporting the shares of the family limited partnership only to the extent of his pecuniary interest therein.
(3) Includes 131,640.0464 unallocated shares of Class A Common Stock held by the ESOP, of which the reporting person serves as a member of the Administrative Committee, and 2,503.3836 shares of Class A Common Stock allocated under the ESOP to the reporting person's adult son. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is a beneficial owner of such securities. Also includes 2,161.0515 shares of Class A Common Stock allocated to the reporting person under the ESOP.
(4) Conversion is on a share for share basis.
(5) Immediate.
(6) None.

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