LAKELAND FINANCIAL CORP — Director's Dealing 2012

Feb 8, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAKELAND FINANCIAL CORP (LKFN)
CIK: 0000721994
Period of Report: 2012-01-01

Reporting Person: DE BATTY JILL A (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-06	Common Stock	M	2640	—	Acquired	2690	Direct
2012-02-07	Common Stock	S	1440	$25.62	Disposed	1250	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-01	Restricted Stock Units	$0	A	3000	Acquired	2015-02-01	Common Stock (3000)	Direct
2012-02-06	Restricted Stock Units	$0	M	2640	Disposed	2012-03-15	Common Stock (2640)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3958	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0	2013-02-01	Common Stock (2000)	2000	Direct
Restricted Stock Units	$0	2014-02-01	Common Stock (3000)	3000	Direct
Stock Options (Right to Buy)	$17.185	2013-12-09	Common Stock (100)	100	Direct
Stock Options (Right to Buy)	$24.05	2018-05-14	Common Stock (2000)	2000	Direct

Footnotes

F1: Each Restricted Stock Unit exercises into 1 share of Common Stock.

F2: Restricted Stock Unit awards are a conditional promise to transfer a share at a specific futurue date and do not have an expiration date.

F3: The Restricted Stock Units are subject to forfeiture based on corporate performance criteria.

F4: Shares adjusted due to performance criteria.