Statement of Changes in Beneficial Ownership (4)

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

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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) CEO
(Last)          (First)          (Middle) 13308 LONGWOOD LANE	3. Date of Earliest Transaction (MM/DD/YYYY) 9/9/2019
(Street) GOSHEN, KY 40026 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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								445.664 (1)	I	Trust-Directors' Deferred Comp Plan
Common Stock								21303.16	I	KSOP-fbo James Hillebrand
Common Stock								11634	I	IRA-fbo Lynn Hillebrand
Common Stock	9/9/2019		M		13500	A	$14.02	77686	D
Common Stock	9/9/2019		F		7699	D	$36.99	69987	D
Common Stock	9/10/2019		S		2450	D	$37.15	67537	D
Common Stock	9/10/2019		G		1347	D	(2)	66190	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		7. Title and Amount of Securities Underlying Derivative Security (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	$35.9000							2/20/2019	2/20/2028	Common Stock	7423		7423	D
Stock Appreciation Right	$14.02	9/9/2019		M			13500	2/16/2011	2/16/2020	Common Stock	13500	$0	0	D
Stock Appreciation Right	$15.8400							3/15/2012	3/15/2021	Common Stock	10968		10968	D
Stock Appreciation Right	$15.2400							2/20/2013	2/20/2022	Common Stock	19600		19600	D
Stock Appreciation Right	$15.2600							2/19/2014	2/19/2023	Common Stock	28054		28054	D
Stock Appreciation Right	$19.3700							2/18/2015	2/18/2024	Common Stock	16425		16425	D
Stock Appreciation Right	$22.9600							3/17/2016	3/17/2025	Common Stock	12319		12319	D
Stock Appreciation Right	$40.0000							3/21/2018	3/21/2027	Common Stock	7571		7571	D
Stock Appreciation Right	$25.7600							3/15/2017	3/15/2026	Common Stock	14428		14428	D
Stock Appreciation Right	$39.3200							10/1/2019	10/1/2028	Common Stock	25000		25000	D
Stock Appreciation Right	$36.6500							2/19/2020	2/19/2029	Common Stock	12254		12254	D

Explanation of Responses:
(1)	Includes shares acquired through automatic dividend reinvestment.
(2)	Gifted Shares to Charitable Organization

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

Signatures
/s/ James A. Hillebrand		9/11/2019
**Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	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).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.

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