Edgar Filing: LAKELAND FINANCIAL CORP

Ownership Submission

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

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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3235-0287

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

WELCH M SCOTT

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)

6 LONGWOOD COURT

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2007

(Street)

ELKHART, IN 46516

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

6. Individual or Joint/Group Filing(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 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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	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								9,100	D
Common Stock								1,400	I	By Spouse

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Phantom Stock

⁽¹⁾

04/26/2005

04/26/2015

Common Stock

Phantom Stock

⁽¹⁾

07/12/2005

07/12/2015

Common Stock

432

Phantom Stock

⁽¹⁾

07/26/2005

07/26/2015

Common Stock

Phantom Stock

⁽¹⁾

10/25/2005

Common Stock

Phantom Stock

$ 0

01/16/2004

01/16/2014

Common Stock

466

Phantom Stock

$ 0

04/28/2004

04/28/2014

Common Stock

Phantom Stock

$ 0

07/26/2004

07/26/2014

Common Stock

Phantom Stock

$ 0

01/01/2003

Common Stock

4,169.8

Phantom Stock

$ 0

01/28/2003

01/28/2013

Common Stock

34.6

Phantom Stock

$ 0

07/14/2004

07/14/2014

Common Stock

562

Phantom Stock

$ 0

01/26/2005

01/26/2015

Common Stock

Phantom Stock

$ 0

01/26/2004

01/26/2014

Common Stock

Phantom Stock

$ 0

04/28/2003

04/28/2013

Common Stock

Phantom Stock

$ 0

10/26/2004

10/26/2014

Common Stock

Phantom Stock

$ 0

07/30/2003

07/30/2013

Common Stock

Phantom Stock

$ 0

01/07/2003

01/07/2013

Common Stock

594.6

Phantom Stock

$ 0

01/11/2005

01/11/2015

Common Stock

458

Phantom Stock

$ 0

07/10/2003

07/10/2013

Common Stock

476

Phantom Stock

$ 0

10/27/2003

10/27/2013

Common Stock

Phantom Stock

⁽¹⁾

05/08/2007

⁽²⁾

⁽³⁾

Common Stock

$ 22.32

1,896

Stock Options (Right to buy)

$ 6.75

06/13/2005

06/13/2010

Common Stock

1,000

Stock Options (Right to buy)

$ 6.8125

01/09/2006

01/09/2011

Common Stock

2,000

Stock Options (Right to buy)

$ 7.5625

02/08/2005

02/08/2010

Common Stock

1,200

Stock Options (Right to buy)

$ 9.7188

02/09/2004

02/09/2009

Common Stock

1,150

Stock Options (Right to buy)

$ 17.185

12/09/2008

12/09/2013

Common Stock

1,000

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
WELCH M SCOTT 6 LONGWOOD COURT ELKHART, IN 46516	X

Signatures

Teresa A. Bartman, Attorney-in-Fact		05/08/2007
^**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).
(3)	Phantom shares expire after the directors' retirement as a Board member.
(2)	Phantom stock is exercisable after the directors' retirement as a Board member.
(1)	Each phantom stock unit exersises into 1 share of Common Stock.

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