Filing Details

Accession Number:
0001179110-18-012597
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-11-06 15:14:03
Reporting Period:
2018-11-02
Accepted Time:
2018-11-06 15:14:03
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2018-11-02 0 $0.00 5,728,204 No 4 S Indirect By Teebank Family Limited Partnership
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By Teebank Family Limited Partnership
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class B Common Stock Disposition 2018-11-02 0 $0.00 0 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
751,056 No 4 S Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 81,276 Direct
Class A Common Stock 482,754 Indirect By Jaytee Properties Limited Partnership
Class A Common Stock 225 Indirect By Trager Marital Trust
Class A Common Stock 7,478 Indirect By spouse
Class A Common Stock 12,085 Indirect By 401(k) Plan
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Class B Common Stock $0.00 17,014 17,014 Direct
Class A Common Stock Class B Common Stock $0.00 108,169 108,169 Indirect
Class A Common Stock Class B Common Stock $0.00 671,583 671,583 Indirect
Class A Common Stock Class B Common Stock $0.00 1,215 1,215 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
17,014 17,014 Direct
108,169 108,169 Indirect
671,583 671,583 Indirect
1,215 1,215 Indirect
Footnotes
  1. Jaytee Properties Limited Partnership ("Jaytee") is a family limited partnership. The Reporting Person is a co-General Partner of Jaytee. A trust (the "GP Trust") in which the Reporting Person and his mother are co-trustees is the other co-General Partner of Jaytee. The Reporting Person is 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.
  2. Teebank Family Limited Partnership ("Teebank") is a family limited partnership. The Reporting Person and the GP Trust 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.
  3. The Reporting Person is the sole trustee of an LP Trust ("LP Trust 1") the beneficiary of which is the Reporting Person's mother. The Reporting is also the sole trustee of two additional LP Trusts, the sole beneficiaries of which are the Reporting Person's two children ("LP Trust 2" and "LP Trust 3", respectively). Effective 11/02/2018, LP Trust 1 sold $1.0 million in Teebank interests to each of LP Trust 2 and LP Trust 3. Effective on that same date, LP Trust 1 sold an additional $3.0 million worth of Teebank interests to LP Trusts in which the Reporting Person does not have any pecuniary interest.
  4. The amounts of securities disclosed in Table I, Column 5 and Table II, Column 9 are the amounts beneficially owned before the transaction which is the subject of this report. As of the reporting date, Teebank will engage a valuation firm to conduct an appraisal of its limited partnership units. The Reporting Person expects to file an amendment to this report upon receipt of the appraisal to update the amounts of securities disclosed in Table I, Column 5 and Table II, Column 9, and to disclose the number and value of the issuer securities that were sold to the LP Trusts in which the Reporting Person does not have a pecuniary interest. The Reporting Person will continue to report his pecuniary interest in the shares represented by the Teebank interests sold to LP Trust 2 and LP Trust 3.
  5. The Reporting Person disclaims beneficial ownership of these securities and the report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities.
  6. Class B Common Stock is immediately convertible into Class A Common Stock on a one share for one share basis.
  7. Immediate.
  8. None.
  9. Reflects the following amounts relating to events occurring since the Reporting Person's last required filing: (i) an additional 94,051 Class A shares represented by Jaytee limited partnership units held by an LP Trust ("LP Trust 4") for the benefit of the Reporting Person's sister for which the Reporting Person is now trustee, and (ii) an additional 1,099.421 Class A shares resulting from a redemption of a former limited partner's Jaytee and Teebank interests for cash (the "LP Redemption").
  10. Reflects 627,410 Class A shares represented by Teebank limited partnership units held by LP Trust 4. Also reflects an additional 13,047.362 Class A shares resulting from the LP redemption.
  11. Reflects 21,074 Class B shares represented by Jaytee limited partnership units held by LP Trust 4. Also reflects an additional 246.166 Class B shares resulting from the LP Redemption.
  12. Reflects 82,263 Class B shares represented by Teebank limited partnership units held by LP Trust 4. Also reflects an additional 1,710.865 Class B shares resulting from the LP Redemption.