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

Jan 30, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMUNITY TRUST BANCORP INC /KY/ (CTBI)
CIK: 0000350852
Period of Report: 2012-01-26

Reporting Person: JONES LARRY W (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-26	Common Stock	M	4120	$19.992	Acquired	10961	Direct
2012-01-27	Common Stock	S	100	$30.09	Disposed	10861	Direct
2012-01-27	Common Stock	S	405	$30.08	Disposed	10456	Direct
2012-01-27	Common Stock	S	502	$30.04	Disposed	9954	Direct
2012-01-27	Common Stock	S	500	$30.02	Disposed	9454	Direct
2012-01-27	Common Stock	S	400	$30.01	Disposed	9054	Direct
2012-01-27	Common Stock	S	400	$30	Disposed	8654	Direct
2012-01-27	Common Stock	S	100	$29.93	Disposed	8554	Direct
2012-01-27	Common Stock	S	200	$29.94	Disposed	8354	Direct
2012-01-27	Common Stock	S	100	$29.99	Disposed	8254	Direct
2012-01-27	Common Stock	S	100	$29.92	Disposed	8154	Direct
2012-01-27	Common Stock	S	100	$29.91	Disposed	8054	Direct
2012-01-27	Common Stock	S	1213	$29.9	Disposed	6841	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-26	Option	$19.992	M	4120	Disposed	2012-10-22	Common Stock (4120)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1859.3826	Indirect

Footnotes

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

F2: Option previously reported as covering 20,000 shares @$26.61 per share, adjusted to reflect 10% stock dividends effective 12/15/02, 12/15/03, and 12/15/04.