1. Name and Address of Reporting Person
Niemier, Charles E.
1600 S. Meadow Dr.
Warsaw, IN 46580
2. Issuer Name and Ticker or Trading Symbol
Lakeland Financial Corporation (LKFN)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Day/Year
04/28/2003
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner
( ) Officer (give title below) ( ) Other (specify below)
7. 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 |2. Trans- |2A.Execu- |3. Trans-|4. Securities Acquired (A)|5. Amount of |6. Owner- |7. Nature |
| | action | action | action| or Disposed of (D) |Securities | ship | of In- |
| | Date | Date | Code | |Beneficially | Form: | direct |
| | | | | |Owned | Direct | Bene- |
| | (Month/ | (Month/ | | |Following | (D) or | ficial |
| | Day/ | Day/ +-----+---+-----------+---+----------+Reported | Indirect| Owner- |
| | Year) | Year) |Code |V |Amount |A/D|Price |Transaction(s)| (I) | ship |
+------------------------------+----------+----------+-----+---+-----------+---+----------+--------------+-----------+------------+
Common Stock 04/28/2003 P 12 A $26.4700 3836.708 D
Common Stock 04/28/2003 P 9 A $26.4700 1288 I By Spouse
Common Stock 1848 I 401(k) plan
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
+----------+--------+-------+-------+---------+-----------+---------------------+----------------+----------+-------+-------+------+
|1. |2. |3. |3A. |4. |5. |6. |7. |8. |9. |10. |11. |
| | | | | | | | | |Number |Owner- | |
| | | | | | | | | |of |ship | |
| | | | | | | | | |Deriv- |Form of| |
| | | | | | | |Title and Amount| |ative |Deriv- | |
| | | | | | | |of Underlying | |Secur- |ative |Nature|
| |Conver- |Trans- |Execu- | |Number of | |Securities | |ities |Secur- |of |
| |sion or |action |tion | |Derivative |Date Exercisable +-------+--------+ |Benefi-|ity: |In- |
| |Exercise|Date |Date | |Securities |and Expiration Date | |Amount | |cially |Direct |direct|
| |Price of| | |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- |
|Title of |Deriv- |(Month/|(Month/|tion Code|Disposed(D)+----------+----------+ |Number |Price of | |In- |ficial|
|Derivative|ative | Day/ | Day/ +------+--+-----+-----+Date Exer-|Expira- | |of |Derivative| |direct |Owner-|
|Security |Security|Year) |Year) |Code |V |(A) |(D) |cisable |tion Date |Title |Shares |Security | |(I) |ship |
+----------+--------+-------+-------+------+--+-----+-----+----------+----------+-------+--------+----------+-------+-------+------+
Stock $13.5 06/13/2010 Common 500 D
Options Stock
(Right to
buy)
Stock $13.625 01/09/2011 Common 1000 D
Options Stock
(Right to
buy)
Stock $15.125 02/08/2010 Common 600 D
Options Stock
(Right to
buy)
Stock $19.4375 02/09/2009 Common 575 D
Options Stock
(Right to
buy)
Phantom $0 01/01/2003 Common 3038.1 D
Stock Stock
Phantom $0 01/07/2013 Common 297.4 D
Stock Stock
Phantom $0 01/28/2013 Common 24.1 D
Stock Stock
Phantom $0F1 04/28/2 A 23.4 04/28/2003 04/28/2013 Common 23.4 $26.4700 23.4 D
Stock 003 F2 F3 Stock
Explanation of Responses:
Each phantom stock unit exersises into 1 share of Common Stock.
Phantom stock is exercisable after the directors' retirement as a Board member.
Phantom shares expire after the directors' retirement as a Board member.
SIGNATURE OF REPORTING PERSON
/s/ Teresa A. Bartman, Attorney-in-fact
DATE
04/29/2003