SEC Form 5 · accession 0001179110-19-001884

· RBCAA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Steve Trager

Officer — Chairman and CEO · Director · 10% Owner

Period of report

Dec 31, 2018

Accepted (ET)

Feb 14, 2019 · 1:14 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000921557

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Class A Common Stock^F3,F5,F2	Dec 10, 2018	G	0	$0.00	D	5,728,204	I	By Teebank Family Limited Partnership
Class A Common Stock^F4,F5,F2	Dec 10, 2018	G	0	$0.00	D	5,728,204	I	By Teebank Family Limited Partnership
Class A Common Stock	holding	—	—		—	81,276	D
Class A Common Stock^F1	holding	—	—		—	482,754	I	By Jaytee Properties Limited Partnership
Class A Common Stock	holding	—	—		—	225	I	By Trager Marital Trust
Class A Common Stock^F6	holding	—	—		—	7,478	I	By Spouse
Class A Common Stock	holding	—	—		—	12,085	I	By 401(k) Plan

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Class B Common Stock^{F3,F5,F2,F7,F8,F9}	—	Dec 10, 2018	G	0	D	—	—	Class A Common Stock	0	751,056	I
Class B Common Stock^{F4,F5,F2,F7,F8,F9}	—	Dec 10, 2018	G	0	D	—	—	Class A Common Stock	0	751,056	I
Class B Common Stock^F7,F8,F9	—	holding	—	—	—	—	—	Class A Common Stock	17,014	17,014	D
Class B Common Stock^F1,F7,F8,F9	—	holding	—	—	—	—	—	Class A Common Stock	108,170	108,170	I
Class B Common Stock^F7,F8,F9	—	holding	—	—	—	—	—	Class A Common Stock	671,583	671,583	I
Class B Common Stock^F7,F8,F9	—	holding	—	—	—	—	—	Class A Common Stock	1,215	1,215	I

Explanation of responses

F1Jaytee Properties Limited Partnership ("Jaytee") is a family limited partnership. A trust ("GP Trust 1") in which the Reporting Person is a trustee is a co-General Partner of Jaytee. A trust ("GP Trust 2") in which the Reporting Person and his mother are co-trustees is the other co-General Partner of Jaytee. The Reporting Person is also the 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.
F2Teebank Family Limited Partnership ("Teebank") is a family limited partnership. GP Trust 1 and GP Trust 2 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.
F3The Reporting Person is the trustee and beneficiary of an LP Trust ("LP Trust 1"). Effective 12/10/2018, LP Trust 1 gifted $12.8 million in Teebank interests to another LP Trust ("LP Trust 2"), the co-trustee of which is the Reporting Person's spouse and the beneficiaries of which are the Reporting Person's spouse and two children. The Reporting Person will continue to report the shares underlying the Teebank interests held in LP Trust 2.
F4The Reporting Person is also the trustee of an LP Trust in which the Reporting Person's sister is the beneficiary ("LP Trust 3"). Effective 12/10/2018, LP Trust 3 gifted $6 million worth of Teebank interests to the Reporting Person's sister.
F5The 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 has engaged a valuation firm to conduct an appraisal of its limited partnership interests. Upon receipt of the appraisal, the Reporting Person expects to file an amendment to this report to update the amounts of securities disclosed in Table I, Column 5 and Table II, Column 9, and to disclose the number of issuer securities that underlie the Teebank interests that were gifted to the LP Trusts and to the Reporting Person's sister. The Reporting Person will continue to report the shares underlying the Teebank interests held in Trust 2.
F6The 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.
F7Class B Common Stock is immediately convertible into Class A Common Stock on a one share for one share basis.
F8Immediate.
F9None.