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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1. Name and Address of Reporting Person * SMITH CHARLES D   2. Issuer Name and Ticker or Trading Symbol LAKELAND FINANCIAL CORP [LKFN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive Vice president (Last) (First) (Middle) 1902 N. BAY DR. 3. Date of Earliest Transaction (Month/Day/Year) 06/03/2010 (Street) WARSAW, IN 46580 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) Code V Amount (A) or (D) Price Common Stock 06/03/2010   M   2,000 A $ 0 2,668.517 D   Common Stock 06/03/2010   S   2,000 D $ 20.9021 668.517 D   Common Stock 06/04/2010   M   3,000 A $ 0 3,668.517 D   Common Stock 06/04/2010   S   3,000 D $ 20.1653 668.517 D   Common Stock               78,743 I 401(k) Plan Common Stock               591.8167 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

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Options (Right to Buy)

$ 6.75

06/03/2010

M

2,000

06/13/2005

06/13/2010

Common Stock

2,000

$ 0

3,000

D

Stock Options (Right to Buy)

$ 6.75

06/04/2010

M

3,000

06/13/2005

06/13/2010

Common Stock

3,000

$ 0

0

D

Restricted Stock Units

$ 0 (1)

02/05/2012

02/05/2012(2)

Common Stock

6,161

6,161

D

Restricted Stock Units (3)

$ 0

03/15/2012

03/15/2012(2)

Common Stock

4,000

4,000

D

Restricted Stock Units (3)

$ 0 (1)

02/01/2013

02/01/2013(2)

Common Stock

4,000

4,000

D

Stock Options (Right to Buy)

$ 6.8125

01/09/2006

01/09/2011

Common Stock

10,000

10,000

D

Stock Options (Right to Buy)

$ 8.125

12/11/2006

12/11/2011

Common Stock

4,000

4,000

D

Stock Options (Right to Buy)

$ 17.185

12/09/2008

12/09/2013

Common Stock

10,000

10,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SMITH CHARLES D 1902 N. BAY DR. WARSAW, IN 46580			Executive Vice president

Signatures

Teresa A. Bartman, Attorney-in-Fact		06/07/2010
**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)	Each Restricted Stock Unit exercises into 1 share of Common Stock.
(2)	Restricted Stock Unit awards are a conditional promise to transfer a share at a specific futurue date and do not have an expiration date.
(3)	The Restricted Stock Units are subject to forfeiture based on corporate performance criteria.

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