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 * 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) President & CEO (Last) (First) (Middle) PO BOX 2947 3. Date of Earliest Transaction (Month/Day/Year) 08/18/2006 (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 04/03/2006   J(1) V 197 A $ 33.47 73,649 D   Common Stock 07/03/2006   J(1) V 187 A $ 35.51 73,836 D   Common Stock 08/18/2006   M(2)   8,858 A $ 13.971 82,694 D   Common Stock 08/18/2006   M(3)   7,498 A $ 13.828 90,192 D

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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 (4)

$ 13.971

08/18/2006

M(2)

8,858

01/21/2002

01/21/2007

Common Stock

8,858

$ 13.971

0

D

Option (5)

$ 13.828

08/18/2006

M(3)

1,874.6325

01/21/1998

01/21/2007

Common Stock

1,874.6325

$ 13.828

0

D

Option (5)

$ 13.828

08/18/2006

M(3)

1,874.6325

01/21/1999

01/21/2007

Common Stock

1,874.6325

$ 13.828

0

D

Option (5)

$ 13.828

08/18/2006

M(3)

1,874.6325

01/21/2000

01/21/2007

Common Stock

1,874.6325

$ 13.828

0

D

Option (5)

$ 13.828

08/18/2006

M(3)

1,874.6325

01/21/2001

01/21/2007

Common Stock

1,874.6325

$ 13.828

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HALE JEAN R PO BOX 2947 PIKEVILLE, KY 41502-2947	X		President & CEO

Signatures

Jean R. Hale By: Marilyn T. Justice, Attorney-in_Fact		08/21/2006
**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)	CTBI Dividend Reinvestment Plan Shares.
(2)	Option previously reported as covering 5,000 shares @$24.75 per share, adjusted to reflect 10% stock dividends effective 4/15/97, 4/15/99, 4/15/00, 12/15/02, 12/15/03, & 12/15/04.
(3)	Option previously reported as covering 1,058.25 shares @$24.50 per share, adjusted to reflect 10% stock dividends effective 4/15/97, 4/15/99, 4/15/00, 12/15/02, 12/15/03, & 12/15/04.
(4)	Right to buy pursuant to CTBI Management Retention Incentive Stock Option Plan.
(5)	Right to buy pursuant to Third Restated PNC 1989 Stock Option Plan.

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