Community Trust Bancorp Inc /KY/ - Annual Statement of Changes in Beneficial Ownership (5)

FORM 5

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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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(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* HALE JEAN R	2. Issuer Name and Ticker or Trading Symbol COMMUNITY TRUST BANCORP INC /KY/ [CTBI]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __ X __ Director _____ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) Chairman, President & CEO
(Last) (First) (Middle) PO BOX 2947	3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY) 12/31/2007
(Street) PIKEVILLE, KY 41502-2947 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form Filed by One Reporting Person ___ Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	7/2/2007		J ⁽¹⁾	218	A	$32.64	76601	D
Common Stock	10/1/2007		J ⁽¹⁾	223	A	$32.17	76823	D
Common Stock	12/31/2007		J ⁽²⁾	878.157	A	$0 ⁽²⁾	13975.55	I	By: ESOP
Common Stock	12/31/2007		J ⁽³⁾	1952.292	A	$0 ⁽³⁾	39945.713	I	By: 401(k)

*Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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/YYYY)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option ⁽⁴⁾	$15.368 ⁽⁵⁾						7/27/2004	7/27/2009	Common Stock	29292 ⁽⁵⁾		29.282	D
Option ⁽⁴⁾	$13.233 ⁽⁶⁾						1/25/2003	1/25/2010	Common Stock	2976 ⁽⁶⁾		32258	D
Option ⁽⁴⁾	$13.233 ⁽⁶⁾						1/25/2004	1/25/2010	Common Stock	2976 ⁽⁶⁾		35234	D
Option ⁽⁴⁾	$11.833 ⁽⁷⁾						1/23/2006	1/23/2011	Common Stock	13310 ⁽⁷⁾		48544	D
Option ⁽⁴⁾	$16.717 ⁽⁸⁾						1/29/2007	1/29/2012	Common Stock	13310 ⁽⁸⁾		61854	D
Option ⁽⁴⁾	$20.983 ⁽⁹⁾						1/17/2004	1/17/2013	Common Stock	3097.5 ⁽⁹⁾		64951.5	D
Option ⁽⁴⁾	$20.983 ⁽⁹⁾						1/17/2005	1/17/2013	Common Stock	3097.5 ⁽⁹⁾		68049	D
Option ⁽⁴⁾	$20.983 ⁽⁹⁾						1/17/2006	1/17/2013	Common Stock	3097.5		71146.5	D
Option ⁽⁴⁾	$20.983 ⁽⁹⁾						1/17/2007	1/17/2013	Common Stock	3097.5		74244	D
Option ⁽⁴⁾	$27.109 ⁽¹⁰⁾						1/27/2009	1/27/2014	Common Stock	8250 ⁽¹⁰⁾		82494	D
Option ⁽⁴⁾	$30.88						1/28/2006	1/28/2015	Common Stock	2388		84882	D
Option ⁽⁴⁾	$30.88						1/28/2007	1/28/2015	Common Stock	2388		87270	D
Option ⁽⁴⁾	$30.88						1/28/2008	1/28/2015	Common Stock	2388		89658	D
Option ⁽⁴⁾	$30.88						1/28/2009	1/28/2015	Common Stock	2388		92046	D
Option ⁽⁴⁾	$32.44						1/27/2007	1/27/2016	Common Stock	2466		94512	D
Option ⁽⁴⁾	$32.44						1/27/2008	1/27/2016	Common Stock	2466		96978	D
Option ⁽⁴⁾	$32.44						1/27/2009	1/27/2016	Common Stock	2466		99444	D
Option ⁽⁴⁾	$32.44						1/27/2010	1/27/2016	Common Stock	2466		101910	D
Option ⁽¹¹⁾	$38.95						1/23/2008	1/23/2017	Common Stock	2824.25		104734.25	D
Option ⁽¹¹⁾	$38.95						1/23/2009	1/23/2017	Common Stock	2824.25		107558.5	D
Option ⁽¹¹⁾	$38.95						1/23/2010	1/23/2017	Common Stock	2824.25		110382.75	D
Option ⁽¹¹⁾	$38.95						1/23/2011	1/23/2017	Common Stock	2824.25		113207	D

Explanation of Responses:
( 1)	Dividend Reinvestment Shares.
( 2)	These shares were acquired during the fiscal year under the CTBI Employee Stock Ownership Plan at an average price range of $32.17 to $40.89 per share, in transactions that were exempted by virtue of old Rule 16a-8(b) and new Rule 16b-3 (d) (2). The information reported herein is based on plan statement dated December 31, 2007.
( 3)	These shares were acquired during the fiscal year under the CTBI 401(k) Plan at an average price range of $40.89 to $32.17 per share, in transactions that were exempted by virtue of old Rule 16a-8(b) and new Rule 16b-3 (d) (2). The information reported herein is based on plan statement dated December 31, 2007.
( 4)	Right to buy pursuant to CTBI 1998 Stock Option Plan.
( 5)	Option previously reported as covering 20,000 shares @$22.50 per share, adjusted to reflect 10% stock dividends effective 04/15/00, 12/15/02, 12/15/03, and 12/15/04.
( 6)	Option previously reported as covering 2,032 shares @$19.375 per share, adjusted to reflect 10% stock dividends effective 04/15/00, 12/15/02, 12/15/03, and 12/15/04.
( 7)	Option previously reported as covering 10,000 shares @$15.75 per share, adjusted to reflect 10% stock dividends effective 12/15/02, 12/15/03, and 12/15/04.
( 8)	Option previously reported as covering 10,000 shares @$22.25 per share, adjusted to reflect 10% stock dividends effective 12/15/02, 12/15/03, and 12/15/04.
( 9)	Option previously reported as covering 2,560 shares @$25.39 per share, adjusted to reflect 10% stock dividends effective 12/15/03 and 12/15/04.
( 10)	Option previously reported as covering 7,500 shares @$29.82 per share, adjusted to reflect 10% stock dividend effective 12/15/04.
( 11)	Right to buy pursuant to CTBI 2006 Stock Ownership Incentive Plan.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
HALE JEAN R PO BOX 2947 PIKEVILLE, KY 41502-2947	X		Chairman, President & CEO

Signatures
Jean R. Hale By: Marilyn T. Justice, Attorney-in-Fact		1/31/2008
^** Signature of Reporting Person		Date

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