Ownership Submission
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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Hillebrand James A
   2. Issuer Name and Ticker or Trading Symbol
Stock Yards Bancorp, Inc. [SYBT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President
(Last)
(First)
(Middle)
13308 LONGWOOD LANE		 3. Date of Earliest Transaction (Month/Day/Year)
09/09/2016
(Street)

GOSHEN, KY 40026		 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 09/09/2016   M   6,442 A $ 15.58 54,788 D  
Common Stock 09/09/2016   F   4,299 D $ 31.83 50,489 D  
Common Stock               415 (1) I Trust-Directors' Deferred Comp Plan
Common Stock               20,620 I KSOP-fbo James Hillebrand
Common Stock               11,634 I IRA-fbo Lynn Hillebrand

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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
Stock Appreciation Right $ 15.58 09/09/2016   M     6,442 02/19/2009 02/19/2018 Common Stock 6,442 $ 15.58 0 D  
Stock Appreciation Right $ 25.76             03/15/2017 03/15/2026 Common Stock 14,428   14,428 D  
Stock Appreciation Right $ 14.76             02/17/2010 02/17/2019 Common Stock 7,500   7,500 D  
Stock Appreciation Right $ 14.02             02/16/2011 02/16/2020 Common Stock 13,500   13,500 D  
Stock Appreciation Right $ 15.84             03/15/2012 03/15/2021 Common Stock 10,968   10,968 D  
Stock Appreciation Right $ 15.24             02/20/2013 02/20/2022 Common Stock 19,600   19,600 D  
Stock Appreciation Right $ 15.26             02/19/2014 02/19/2023 Common Stock 28,054   28,054 D  
Stock Appreciation Right $ 19.37             02/18/2015 02/18/2024 Common Stock 16,425   16,425 D  
Stock Appreciation Right $ 22.96             03/17/2016 03/17/2025 Common Stock 12,319   12,319 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Hillebrand James A
13308 LONGWOOD LANE
GOSHEN, KY 40026		   X     President  

Signatures

 /s/ James A. Hillebrand   09/12/2016
**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) Includes shares acquired through automatic dividend reinvestment.

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