Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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)
Chair, President & CEO
(Last)
(First)
(Middle)

PO BOX 2947		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2006
(Street)


PIKEVILLE, KY 41502-2947		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(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 at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock             74,019 D  
Common Stock 12/31/2006   J 786.502 (1) A $ 0 (1) 12,097.392 I By: ESOP
Common Stock 12/31/2006   J 1,841.008 (2) A $ 0 (2) 37,993.421 I By: 401(k)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

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 at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(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 (3) $ 13.233 (5)           01/25/2003 01/25/2010 Common Stock
2,976 (5)
  32,258
D
 
Option (3) $ 13.233 (5)           01/25/2004 01/25/2010 Common Stock
2,976 (5)
  35,234
D
 
Option (3) $ 11.833 (6)           01/23/2006 01/23/2011 Common Stock
13,310 (6)
  48,544
D
 
Option (3) $ 16.717 (7)           01/29/2007 01/29/2012 Common Stock
13,310 (7)
  61,854
D
 
Option (3) $ 20.983 (8)           01/17/2004 01/17/2013 Common Stock
3,097.5 (8)
  64,951.5
D
 
Option (3) $ 20.983 (8)           01/17/2005 01/17/2013 Common Stock
3,097.5 (8)
  68,049
D
 
Option (3) $ 20.983 (8)           01/17/2006 01/17/2013 Common Stock
3,097.5 (8)
  71,146.5
D
 
Option (3) $ 20.983 (8)           01/17/2007 01/17/2013 Common Stock
3,097.5 (8)
  74,244
D
 
Option (3) $ 27.109 (9)           01/27/2009 01/27/2014 Common Stock
8,250 (9)
  82,494
D
 
Option (3) $ 30.88           01/28/2006 01/28/2015 Common Stock
2,388
  84,882
D
 
Option (3) $ 30.88           01/28/2007 01/28/2015 Common Stock
2,388
  87,270
D
 
Option (3) $ 30.88           01/28/2008 01/28/2015 Common Stock
2,388
  89,658
D
 
Option (3) $ 30.88           01/28/2009 01/28/2015 Common Stock
2,388
  92,046
D
 
Option (3) $ 32.44           01/27/2007 01/27/2016 Common Stock
2,466
  94,512
D
 
Option (3) $ 32.44           01/27/2008 01/27/2016 Common Stock
2,466
  96,978
D
 
Option (3) $ 32.44           01/27/2009 01/27/2016 Common Stock
2,466
  99,444
D
 
Option (3) $ 32.44           01/27/2010 01/27/2016 Common Stock
2,466
  101,910
D
 

Reporting Owners

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

Signatures

Jean R. Hale By: Marilyn T. Justice, Attorney-in-Fact 02/07/2007
**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) These shares were acquired during the fiscal year under the CTBI Employee Stock Ownership Plan at a average price range of $31.98 to $36.80 per share, in transactions that were exempt from Section 16(b) by virtue of old Rule 16a-8(b). The information reported herein is based on plan statement dated December 31, 2006.
(2) These shares were acquired during the fiscal year under the CTBI 401(k) plan at an average price range of $31.98 to $36.80 per share, in transactions that were exempted by virtue of old Rule 16a-8(b) and new Rule 16b-3(d)(2). The information reported herein is based on plan statement dated December 31, 2006.
(3) Right to buy pursuant to 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, & 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) 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.
(7) 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.
(8) 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.
(9) Option previously reported as covering 7,500 shares @$29.82 per share, adjusted to reflect 10% stock dividend effective 12/15/04.

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