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 * HEINTZMAN DAVID P	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) Chairman of the Board
(Last)          (First)          (Middle) PO BOX 32890	3. Date of Earliest Transaction (MM/DD/YYYY) 5/18/2020
(Street) LOUISVILLE, KY 40232 (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	5/18/2020		S		5000	D	$28.90	28070	I	By Spouse
Common Stock								154670	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	12883		12883	D
Stock Appreciation Right	$15.2400							2/20/2013	2/20/2022	Common Stock	36411		36411	D
Stock Appreciation Right	$15.2600							2/19/2014	2/19/2023	Common Stock	25015		25015	D
Stock Appreciation Right	$19.3700							2/18/2015	2/18/2024	Common Stock	28989		28989	D
Stock Appreciation Right	$22.9600							3/17/2016	3/17/2025	Common Stock	21742		21742	D
Stock Appreciation Right	$25.7600							3/15/2017	3/15/2026	Common Stock	24799		24799	D
Stock Appreciation Right	$40.0000							3/21/2018	3/21/2027	Common Stock	13273		13273	D

Explanation of Responses:

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HEINTZMAN DAVID P PO BOX 32890 LOUISVILLE, KY 40232	X		Chairman of the Board

Signatures
/s/ David Heintzman		5/18/2020
**Signature of Reporting Person		Date