Edgar Filing: LAKELAND FINANCIAL CORP

Ownership Submission

FORM 5

	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Form 3 Holdings Reported
	Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL 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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1. Name and Address of Reporting Person ^*

FULMER L CRAIG

2. Issuer Name and Ticker or Trading Symbol
LAKELAND FINANCIAL CORP [LKFN]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

120 W. LEXINGTON, SUITE 310

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2004

(Street)

ELKHART,Â INÂ 46516

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Reporting
(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 at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/31/2004	Â	P	680	A	$ 31.9353	7,994.115 ⁽¹⁾	D	Â
Common Stock	12/31/2004	Â	J⁽²⁾	77.175	A	$ 34.174	8,071.29 ⁽¹⁾	D	Â
Common Stock	Â	Â	Â	Â	Â	Â	300 ⁽¹⁾	I	By Spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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SEC 2270 (9-02)

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 at End of Issuer's Fiscal Year
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Options (Right to buy)

$ 13.5

06/13/2005

06/13/2010

Common Stock

500

Stock Options (Right to buy)

$ 13.625

01/09/2006

01/09/2011

Common Stock

1,000

Stock Options (Right to buy)

$ 15.125

02/08/2005

02/08/2010

Common Stock

600

Stock Options (Right to buy)

$ 19.4375

02/09/2004

02/09/2009

Common Stock

575

Stock Options (Right to buy)

$ 28

05/12/2003

05/10/2008

Common Stock

925

Stock Options (Right to buy)

$ 34.37

12/09/2008

12/09/2013

Common Stock

500

Phantom Stock

$ 0

01/01/2003

Common Stock

4,775.6

Phantom Stock

$ 0

01/07/2003

01/07/2013

Common Stock

398.6

Phantom Stock

$ 0

01/28/2003

01/28/2013

Common Stock

37.4

Phantom Stock

$ 0

04/28/2003

04/28/2013

Common Stock

37.4

Phantom Stock

$ 0

07/10/2003

07/10/2013

Common Stock

261.5

Phantom Stock

$ 0

07/30/2003

07/30/2013

Common Stock

31.5

Phantom Stock

$ 0

10/27/2003

10/27/2013

Common Stock

Phantom Stock

$ 0

01/16/2004

01/16/2014

Common Stock

299

Phantom Stock

$ 0

01/26/2004

01/26/2014

Common Stock

Phantom Stock

$ 0

04/28/2004

04/28/2014

Common Stock

Phantom Stock

$ 0

07/14/2004

07/14/2014

Common Stock

291

Phantom Stock

$ 0

07/26/2004

07/26/2014

Common Stock

Phantom Stock

$ 0

10/26/2004

10/26/2014

Common Stock

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
FULMER L CRAIG 120 W. LEXINGTON, SUITE 310 ELKHART,Â INÂ 46516	Â X	Â	Â	Â

Signatures

Teresa A. Bartman, Attorney-in-Fact		02/14/2005
^**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)	To reflect transfer of shares from indirect ownership to direct ownership.
(2)	Dividend reinvestment for 2004.

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

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