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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Jones David Andrew
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)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Executive Vice President
(Last)          (First)          (Middle)

1544 WINCHESTER AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

11/4/2019
(Street)

ASHLAND, KY 41101
(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)
Code V Amount (A) or (D) Price
Common Sstock  11/4/2019    M    413  A $22.809  5763.3217  D   
Common Stock  11/5/2019    S    100  D $45.05  5663.3217  D   
Common Stock  11/5/2019    S    200  D $45.056  5463.3217  D   
Common Stock  11/5/2019    S    113  D $44.994  5350.3217  D   
Common Stock                 8944.8659  I  By: ESOP 
Common Stock                 2441.4316  I  By: 401(k) 

Table II - Derivative Securities 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 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 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
Option (1) $22.809 (2) 11/4/2019    M        103.25 (2)  1/26/2011  1/26/2020  Common Stock  103.25 (2) $22.809 (2) 309.75  D   
Option (1) $22.809 (2) 11/4/2019    M        103.25 (2)  1/26/2012  1/26/2020  Common Stock  103.25 (2) $22.809 (2) 206.5  D   
Option (1) $22.809 (2) 11/4/2019    M        103.25 (2)  1/26/2013  1/26/2020  Common Stock  103.25 (2) $22.809 (2) 103.25  D   
Option (1) $22.809 (2) 11/4/2019    M        103.25 (2)  1/26/2014  1/26/2020  Common Stock  103.25 (2) $22.809 (2) 0  D   
Option (3) $32.27                  1/27/2020  1/27/2025  Common Stock  10000    10000  D   

Explanation of Responses:
(1)  Right to buy pursuant to Incentive Stock Option Agreement (CTBI 2006 Stock Ownership Incentive Plan.)
(2)  Option previously reported as covering 93.75 shares @$25.09 per share, adjusted to reflect the 10% stock dividend effective 06/02/14.
(3)  Right to buy pursuant to Non-Qualified Stock Option Agreement (CTBI 2006 Stock Ownership Incentive Plan.)

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Jones David Andrew
1544 WINCHESTER AVENUE
ASHLAND, KY 41101


Executive Vice President

Signatures
David Andrew Jones By: Marilyn T. Justice, Attorney-in-Fact 11/6/2019
**Signature of Reporting Person Date


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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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