Ownership Submission
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

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
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. Date of Earliest Transaction (Month/Day/Year)
01/27/2009
(Street)

PIKEVILLE, KY 41502-2947		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 Stock 01/27/2009   A   1,223 A $ 0 81,623 D  
Common Stock               54,806 (1) D  
Common Stock               105,092 (2) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(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 (3) $ 15.368 (4)             07/27/2004 07/27/2009 Common Stock 29,282 (4)   29,282 D  
Option (6) $ 13.233 (5)             01/25/2003 01/25/2010 Common Stock 2,976 (5)   32,258 D  
Option (6) $ 13.233 (5)             01/25/2004 01/25/2010 Common Stock 2,976 (5)   35,234 D  
Option (3) $ 11.833 (7)             01/23/2006 01/23/2011 Common Stock 13,310 (7)   48,544 D  
Option (3) $ 16.717 (8)             01/29/2007 01/29/2012 Common Stock 13,310 (8)   61,854 D  
Option (6) $ 20.983 (9)             01/17/2004 01/17/2013 Common Stock 3,097.5 (9)   64,951.5 D  
Option (6) $ 20.983 (9)             01/17/2005 01/17/2013 Common Stock 3,097.5 (9)   68,049 D  
Option (6) $ 20.983 (9)             01/17/2006 01/17/2013 Common Stock 3,097.5 (9)   71,146.5 D  
Option (6) $ 20.983 (9)             01/17/2007 01/17/2013 Common Stock 3,097.5 (9)   74,244 D  
Option (3) $ 27.109 (10)             01/27/2009 01/27/2014 Common Stock 8,250 (10)   82,494 D  
Option (6) $ 30.88             01/28/2006 01/28/2015 Common Stock 2,388   84,882 D  
Option (6) $ 30.88             01/28/2007 01/28/2015 Common Stock 2,388   87,270 D  
Option (6) $ 30.88             01/28/2008 01/28/2015 Common Stock 2,388   89,658 D  
Option (6) $ 30.88             01/28/2009 01/28/2015 Common Stock 2,388   92,046 D  
Option (6) $ 32.44             01/27/2007 01/27/2016 Common Stock 2,466   94,512 D  
Option (6) $ 32.44             01/27/2008 01/27/2016 Common Stock 2,466   96,978 D  
Option (6) $ 32.44             01/27/2009 01/27/2016 Common Stock 2,466   99,444 D  
Option (6) $ 32.44             01/27/2010 01/27/2016 Common Stock 2,466   101,910 D  
Option (11) $ 38.95             01/23/2008 01/23/2017 Common Stock 2,824.25   104,734.25 D  
Option (11) $ 38.95             01/23/2009 01/23/2017 Common Stock 2,824.25   107,558.5 D  
Option (11) $ 38.95             01/23/2010 01/23/2017 Common Stock 2,824.25   110,382.75 D  
Option (11) $ 38.95             01/23/2011 01/23/2017 Common Stock 2,824.25   113,207 D  
Option (12) $ 28.32             01/29/2013 01/29/2018 Common Stock 6,250   119,457 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 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   01/29/2009
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) 401(k) has 42,556 share and ESOP has 12,250 shares.
(2) Stock Option Shares available for exercise.
(3) Right to buy pursuant to Management Retention Incentive Stock Option Agreement (CTBI 1998 Stock Option Plan).
(4) 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.
(5) 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.
(6) Right to buy pursuant to Incentive Stock Option Agreement (CTBI 1998 Stock Option Plan).
(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 Incentive Stock Option Agreement (CTBI 2006 Stock Option Plan).
(12) Right to buy pursuant to Non-Qualified Stock Option Agreement (CTBI 2006 Stock Ownership Incentive Plan).

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