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Filing Details

Accession Number:: 0001179110-21-003330
Form Type:: 4/A
Zero Holdings:: No
Publication Time:: 2021-03-12 15:29:55
Reporting Period:: 2020-08-15

Accepted Time:: 2021-03-12 15:29:55
Original Submission Date:: 2020-08-17
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
921557	Republic Bancorp Inc	RBCAA	State Commercial Banks (6022)	610862051

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1078587	Steve Trager	601 West Market Street Louisville KY 40202	Chairman And Ceo	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2020-08-15	74,917	$32.31	437,804	No	4	S	Indirect	By Jaytee Properties Limited Partnership
Class A Common Stock	Disposition	2020-08-15	2,636,684	$32.31	4,023,138	No	4	S	Indirect	By Teebank Family Limited Partnership

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Jaytee Properties Limited Partnership
No	4	S	Indirect	By Teebank Family Limited Partnership

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2020-08-15	16,786	$32.31	16,786	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2020-08-15	645,363	$32.31	645,363	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
98,098			No	4	S	Indirect
984,716			No	4	S	Indirect

Footnotes

Jaytee Properties Limited Partnership ("Jaytee") is a family limited partnership. A trust ("GP Trust 1") in which the Reporting Person is a trustee is a co-General Partner of Jaytee. A trust ("GP Trust 2")in which the Reporting Person and his mother are co-trustees is the other co-General Partner of Jaytee. The Reporting Person is also the trustee of multiple trusts (the "LP Trusts") for the benefit of the Reporting Person and certain of the Reporting Person's immediate family members. The LP Trusts are limited partners of Jaytee. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Teebank Family Limited Partnership ("Teebank") is a family limited partnership. GP Trust 1 and GP Trust 2 are co-General Partners of Teebank. The LP Trusts are limited partners of Teebank. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
The Reporting Person is the sole trustee of two LP Trusts ("LP Trust 1" and "LP Trust 2", respectively) the beneficiary of which is the Reporting Person's mother. The Reporting Person is also the sole trustee of two additional LP Trusts, the sole beneficiaries of which are the Reporting Person's two children ("LP Trust 3" and "LP Trust 4", respectively). On 08/13/2020, LP Trust 1 dissolved and all of its assets were transferred to LP Trust 2 for no consideration. The transferred assets include: 225 shares of Issuer Class A Common Stock, 671,583 shares of Issuer Class B Common Stock, 76,031 Jaytee LP Units and 293,541 Teebank LP Units. The Reporting Person previously reported the shares of Issuer stock held by LP Trust 1 as indirectly owned "By Trager Marital Trust". The Reporting Person continues to report indirectly beneficial ownership of the shares of Issuer stock underlying LP Units through Teebank and Jaytee.
On 08/14/2020, LP Trust 2 transferred 225 shares of Issuer Class A Common Stock and 814,347 shares of Issuer Class B Common Stock to Teebank in consideration for one (1) Teebank GP Unit and a number of Teebank LP Units equal in value to the aggregate value of the shares of Issuer Class A Common Stock and Class B Common Stock that Teebank received.
On 08/15/2020, in exchange for promissory notes from each transferee trust, LP Trust 2 sold all of its Teebank LP Units and a number of its Jaytee LP Units in five equal portions to each of LP Trust 3, LP Trust 4 and three other LP Trusts in which the Reporting Person does not have a pecuniary interest. The number and value of Teebank LP Units and Jaytee LP Units (and the face value of the promissory notes) were determined following an appraisal of the value of Teebank and Jaytee.
As of the original reporting date, Teebank and Jaytee engaged a valuation firm to conduct appraisals of their LP Units. This amendment is being filed to reflect the number of Issuer securities that were the subject of this transaction based on such appraisal. Share numbers shown at Table I, Column 4, and Table II, Column 5, represent the total number of Issuer shares represented by the Teebank LP Units and Jaytee LP Units sold by LP Trust 2 to the five LP trusts described at footnote 5, including the shares represented by the Teebank and Jaytee Units sold to LP Trust 3 and LP Trust 4, which shares are included in the share totals shown at Table I, Column 5, and Table II, Column 9.
Class B Common Stock is immediately convertible into Class A Common Stock on a one share for one share basis.
Immediate.
None.