COMMUNITY TRUST BANCORP INC /KY/ — Director's Dealing 2012

Feb 23, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMUNITY TRUST BANCORP INC /KY/ (CTBI)
CIK: 0000350852
Period of Report: 2012-02-22

Reporting Person: DRAUGHN JAMES B (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-22	Common Stock	M	1406	$20.983	Acquired	7979	Direct
2012-02-23	Common Stock	S	806	$31.37	Disposed	7173	Direct
2012-02-23	Common Stock	S	118	$31.35	Disposed	7055	Direct
2012-02-23	Common Stock	S	100	$31.31	Disposed	6955	Direct
2012-02-23	Common Stock	S	300	$31.15	Disposed	6655	Direct
2012-02-23	Common Stock	S	18	$31.34	Disposed	6637	Direct
2012-02-23	Common Stock	S	64	$31.23	Disposed	6573	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-22	Option	$20.983	M	1406	Disposed	2013-01-17	Common Stock (1406)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$27.109	2014-01-27	Common Stock (2750)	2750	Direct
Option	$30.88	2015-01-28	Common Stock (1052)	3802	Direct
Option	$30.88	2015-01-28	Common Stock (1052)	4854	Direct
Option	$30.88	2015-01-28	Common Stock (1052)	5906	Direct
Option	$30.88	2015-01-28	Common Stock (1052)	6958	Direct
Option	$32.44	2016-01-27	Common Stock (10000)	16958	Direct
Option	$32.44	2016-01-27	Common Stock (1040.25)	17998.25	Direct
Option	$32.44	2016-01-27	Common Stock (1040.25)	19038.5	Direct
Option	$32.44	2016-01-27	Common Stock (1040.25)	20078.75	Direct
Option	$32.44	2016-01-27	Common Stock (1040.25)	21119	Direct
Option	$38.95	2017-01-23	Common Stock (1203.5)	22322.5	Direct
Option	$38.95	2017-01-23	Common Stock (1203.5)	23526	Direct
Option	$38.95	2017-01-23	Common Stock (1203.5)	24729.5	Direct
Option	$38.95	2017-01-23	Common Stock (1203.5)	25933	Direct
Option	$28.32	2018-01-29	Common Stock (3750)	29683	Direct

Footnotes

F1: Right to buy pursuant to Incentive Stock Option Agreement (CTBI 1998 Stock Option Plan).

F2: Option previously reported as covering 1,161.75 shares @$25.39 per share, adjusted to reflect 10% stock dividends effective 12/15/03 and 12/15/04.

F3: Right to buy pursuant to Management Retention Incentive Stock Option Agreement (CTBI 1998 Stock Option Plan).

F4: Option previously reported as covering 2,500 shares @$29.82 per share, adjusted to reflect 10% stock dividend effective 12/15/04.

F5: Right to buy pursuant to Incentive Stock Option Agreement (CTBI 2006 Stock Option Plan).

F6: Right to buy pursuant to Non-Qualified Stock Option Agreement (CTBI 2006 Stock Ownership Incentive Plan).