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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1. Name and Address of Reporting Person * SIPES KEVIN D   2. Issuer Name and Ticker or Trading Symbol REPUBLIC BANCORP INC /KY/ [RBCAA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP & Chief Financial Officer (Last) (First) (Middle) 601W MARKET STREET 3. Date of Earliest Transaction (Month/Day/Year) 05/16/2005 (Street) LOUISVILLE, KY 40202 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 Class A Common Stock               15,748 (2) D   Class A Common Stock               1,630.1979 (1) (2) (3) I By ESOP

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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

Employee Stock Option (right to buy) (5)

$ 22.84

05/16/2005

A

4,000

05/16/2009

05/15/2010

Class A Common Stock

4,000

$ 0

4,000

D

Employee Stock Option (right to buy) (5)

$ 22.84

05/16/2005

A

4,000

05/16/2010

05/15/2011

Class A Common Stock

4,000

$ 0

4,000

D

Employee Stock Option (right to buy) (5)

$ 22.84

05/16/2005

A

4,000

05/16/2011

05/15/2012

Class A Common Stock

4,000

$ 0

4,000

D

Employee Stock Option (right to buy) (8)

$ 6.3

10/02/2005

10/01/2006

Class A Common Stock

4,134

4,134

D

Employee Stock Option (right to buy) (8)

$ 6.3

10/02/2006

10/01/2007

Class A Common Stock

4,134

4,134

D

Employee Stock Option (right to buy) (8)

$ 6.18

01/26/2006

01/25/2007

Class A Common Stock

4,134

4,134

D

Employee Stock Option (right to buy) (8)

$ 9.62

04/11/2007

04/10/2008

Class A Common Stock

11,025

11,025

D

Employee Stock Option (right to buy) (8)

$ 9.62

04/11/2008

04/10/2009

Class A Common Stock

11,025

11,025

D

Class B Common Stock

(4)

(6)

(7)

Class A Common Stock

220

220 (2)

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SIPES KEVIN D 601W MARKET STREET LOUISVILLE, KY 40202			EVP & Chief Financial Officer

Signatures

/s/ Kevin D. Sipes		05/18/2005
**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)	On March 18, 2004, the Issuer declared a stock dividend, payable to all holders of record of Class A and Class B common stock on March 30, 2004, of .05 shares of common stock for each share of Class A and Class B common stock outstanding.
(2)	On January 21, 2005, the Issuer declared a stock dividend, payable to all holders of record of Class A and Class B common stock on March 25, 2005, of .05 shares of common stock for each share of Class A and Class B common stock outstanding.
(3)	Includes 370.6371 shares of Class A common stock allocated to the reporting person under the ESOP, based on information provided by the plan administrator.
(4)	Conversion is on a share for share basis.
(5)	Each of the options reported relates to a single grant.
(6)	Immediately.
(7)	None.
(8)	This option was previously reported but has been adjusted pursuant to anti-dilution provisions of Issuer's employee stock option plan to reflect the stock dividends declared by Issuer on March 18, 2004 and January 21, 2005, as described in Footnotes 1 and 2 above.

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