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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNITED
      STATES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
      D.C. 20549</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FORM
      8-K</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
      REPORT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
      of
      Report (Date of earliest event reported): February 13, 2006</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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      <table cellpadding="0" cellspacing="0" width="80%">

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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">GERMAN
                AMERICAN BANCORP</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="44%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
                name of registrant as specified in its
                charter)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
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            <td valign="top" width="30%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Indiana</font></div>
            </td>
            <td valign="top" width="5%">&#160;</td>
            <td valign="top" width="30%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">0-11244</font></div>
            </td>
            <td valign="top" width="5%">&#160;</td>
            <td valign="top" width="30%" style="border-bottom: black thin solid;">
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            </td>
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          <tr>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State
                or other jurisdiction of </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">incorporation
                or organization)</font></div>
            </td>
            <td valign="top" width="5%">&#160;</td>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Commission
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            <td valign="top" width="30%">
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                Employer Identification No.)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

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            <td valign="top" width="37%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">711
                Main Street</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Box
                810</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Jasper,
                Indiana</font></div>
            </td>
            <td valign="top" width="9%">&#160;</td>
            <td valign="bottom" width="34%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">47546</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
                of principal executive offices)</font></div>
            </td>
            <td valign="top" width="9%">&#160;</td>
            <td valign="top" width="34%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Zip
                Code)</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registrant's
      telephone number, including area code: (812) 482-1314</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div align="center">
      <table cellpadding="0" cellspacing="0" width="80%">

          <tr>
            <td valign="top" width="53%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Not
                Applicable</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="53%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Former
                Name or Former Address, if Changed Since Last
                Report)</font></div>
            </td>
          </tr>

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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions (see General Instruction A.2. below):</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#4083;
Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#4083;
      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
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      (17 CFR 240.14d-2(b))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#4083;
      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
      Act
      (17 CFR 240.13e-4(c))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div><br>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Item
      1.01.</u></strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Entry
      into a Material Definitive Agreement.</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      February 13, 2006, the Board of Directors (the &#8220;Board&#8221;) of German American
      Bancorp (the "Company"), by the vote of the members of the Board who are not
      &#8220;interested directors&#8221; within the meaning of the Marketplace Rules of the NASDAQ
      Stock Market, Inc., established the balanced scorecards for the executive
      officers that, taken together, constitute the Company's Management Incentive
      Plan for such executive officers for 2006, all as recommended by the Human
      Resources Committee of the Board (the &#8220;HR Committee&#8221;). In addition, on February
      15, 2006, the Long-Term Incentive Award Committee of the Board commenced
      awarding a new type of long-term incentive award under the Company's 1999
      Long-Term Equity Incentive Plan (the "1999 Plan").</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Adoption
      of 2006 Management Incentive Plan</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
      in
      past years, executive officers of the Company were compensated for their
      services in 2005 under a program (known as the Management Incentive Plan) that
      included the opportunity to receive incentive awards in the form of short-term
      incentive cash awards and long-term equity incentive awards. The Board of
      Directors on February 13, 2006, accepted the recommendation of the Human
      Resources Committee that the Management Incentive Plan be continued for 2006,
      and established the criteria for personal 2006 "balanced scorecards" under
      the
      Plan for each of the Company&#8217;s five executive officers, including short-term and
      long-term entitlements. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Short-term
      Cash Incentive Scorecards</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      The
      Board (upon the recommendation of the HR Committee) established target
      short-term cash incentive awards for executive officers as percentages of their
      current year base salary (which range from 30% to 50% of 2006 base salary,
      depending upon the executive), with maximum awards (payable only if targeted
      performance and other criteria are substantially exceeded) of as much as 200%
      of
      the target awards. The scorecard of Mark A. Schroeder, President and Chief
      Executive Officer of the Company (the "CEO"), specifies a target award of 50%
      of
      his base salary for 2006; hence, if all targeted corporate and individual
      performance criteria are deemed to have been exceeded by the requisite amount
      with respect to the CEO's scorecard during 2006, the CEO could earn a short-term
      cash incentive award for his services during 2006 equal to 100% of his 2006
      base
      salary.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Short-term
      cash incentive award entitlements for services during 2006 under the scorecards
      will be based on (a) formula assessments of 2006 corporate performance (such
      corporate performance measures to represent 80% of the potential short-term
      incentive award), and (b) formula and/or discretionary assessments of personal
      or departmental performance during 2006 (representing the remaining 20% of
      the
      potential award). </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Of
      the
      corporate performance portion, 50% will be determined by the Company&#8217;s
      performance (benchmarked in relation to the Company&#8217;s percentile ranking within
      a peer group selected by the HR Committee of certain banking companies located
      in the Midwest) in growth in earnings per share (25% of total corporate
      performance criteria) and in revenue as a percent of personnel-related expense
      (an additional 25% of total corporate performance criteria). The remaining
      50%
      of the corporate performance portion of each executive officer&#8217;s 2006 short-term
      incentive scorecard will be determined by the Company&#8217;s percentage growth in its
      core loans and core deposits.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Long-term
      Incentive Awards Scorecards.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Long-term incentive awards under the Management Incentive Plan have historically
      been awarded in the form of incentive stock options, with the number of shares
      determined based upon the dollar values of the long-term incentive awards deemed
      to have been earned pursuant to the prior year&#8217;s scorecards. For services during
      2006, executive officers participating in the Management Incentive Plan may
      earn
      the right to be awarded long-term incentive awards in 2007, based upon the
      Company&#8217;s average performance (as benchmarked against the Company&#8217;s average
      annual percentile ranking within the peer group described above) in earnings
      per
      share growth and return on equity over the three-year period ending December
      31,
      2006. Like the cash incentive award target values, the dollar values of target
      long-term incentive awards for executive officers are figured as percentages
      of
      their current year base salary, which percentages range from 30 % to 50% of
      2006
      base salary, depending upon the executive; also like the cash incentive award
      scorecards, long-term incentive awards (payable only if targeted performance
      and
      other criteria are substantially exceeded on an average basis over the
      three-year period ending December 31, 2006) may be of as much as 200% of the
      target awards. The dollar value of the CEO&#8217;s target long-term incentive award
      for 2006 is equal to 50% of his 2006 base salary; accordingly, his long term
      incentive award for 2006 could be as much as 100% of his 2006 base salary,
      but
      only if the targeted criteria are both substantially exceeded.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Change
      in Type and Grant of New Long-Term Incentive Awards</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Also
      on
      February 13, 2006, the Board, upon the recommendation of the HR Committee,
      determined the dollar amounts of the cash incentive awards and equity incentive
      awards that are payable in 2006 to the executive officers, including the CEO,
      for their services during 2005. These amounts were determined in accordance
      with
      the criteria for determination of the amounts established by the respective
      2005
      scorecards that were previously disclosed by the Company in the Company's
      Current Report on Form 8-K filed with the Securities and Exchange Commission
      on
      May 4, 2005. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Effective
      February 15, 2006, the Long-Term Incentive Award Committee (formerly known
      as
      the Stock Option Committee) (the "Award Committee") awarded a new type of
      long-term incentive award under the 1999 Plan. In prior years, awards
      representing the dollar amounts of long-term incentives deemed to be earned
      by
      the executives under their respective personal scorecards were granted in the
      form of incentive stock options. At the recommendation of the Board and the
      Human Resources Committee, the Award Committee effective February 15, 2006,
      determined that future awards of long-term incentives under the 1999 Plan should
      generally be made in the form of restricted stock, granted in tandem with cash
      credit entitlements (such tandem grants of restricted stock and cash
      entitlements together are referred to in this Report as "Restricted Stock
      Awards"). The Restricted Stock Awards are subject to forfeiture in the event
      that the recipient of the grant does not continue in employment with the Company
      through December 15 of the year of grant, at which time they generally vest
      100
      percent. These and other terms of the Restricted Stock Awards granted on
      February 15, 2006, by the Award Committee to the Company&#8217;s executive officers
      are more fully set forth in the form of Restricted Stock Award Agreement, the
      form of which is filed as part of this report as Exhibit 99, and is incorporated
      herein by reference.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      February 15, 2006, the Award Committee awarded Restricted Stock Awards on the
      form of the Restricted Stock Award Agreement to executive officers and other
      management employees, each consisting of newly-issued common stock of the
      Company (subject to the restrictions and forfeiture conditions set forth in
      the
      form of Restricted Stock Award Agreement) which were deemed to have a value
      of
      $12.94 per share (based on the NASDAQ Official Closing Price of the Company's
      common stock on February 14, 2006), and rights to receive cash payments in
      a
      dollar amount approximately equal to the dollar value of the restricted stock
      (which cash rights are subject to similar forfeiture conditions). Of these
      Restricted Stock Awards, the Award Committee granted to the five executive
      officers of the Company (in satisfaction of the Company's obligations to make
      long-term incentive awards in respect of the performance of the Company under
      their respective personal 2005 scorecards) Restricted Stock Awards with face
      values (approximately half in the form of restricted stock and half in the
      form
      of cash entitlements) as follows: $62,400 to Mr. Schroeder (CEO), $29,867 to
      Mr.
      Ewing, $18,400 to Mr. Ruhe, $18,400 to Mr. Rust, and $29,867 to Mr.
      Sendelweck.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      9.01. Financial Statements and Exhibits.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibits.
      </strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      exhibit listed in the Exhibit Index that immediately follows the Signatures
      page
      to this Report is incorporated herein by reference.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">

          <tr valign="top" bgcolor="#ffffff">
            <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">German
              American
              Bancorp</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Date:
              February 17, 2006</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: "><u>/s/
              Mark A. Schroeder</u></font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td colspan="2"><font style="FONT-FAMILY: " size="1">&#160;</font></td>
            <td align="left">
              <hr align="left" noshade size="2" width="80%"><font size="2">Mark
              A. Schroeder </font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">President
              and
              Chief Executive Officer</font></td>
          </tr>

      </table>
    </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXHIBIT
      INDEX</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99
                </font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Form
                of Restricted Stock Award Agreement that evidences the terms of awards
                of
                restricted stock grants and related cash entitlements granted under
                the
                1999 Long-Term Equity Incentive
                Plan</font></div>
            </td>
          </tr>

      </table>
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{"company-data": {"conformed-name": "GERMAN AMERICAN BANCORP", "cik": "0000714395", "assigned-sic": "6022", "irs-number": "351547518", "state-of-incorporation": "IN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-15877", "film-number": "06628996"}, "business-address": {"street1": "711 MAIN ST", "street2": "P O BOX 810", "city": "JASPER", "state": "IN", "zip": "47546", "phone": "8124821314"}, "mail-address": {"street1": "711 MAIN STREET", "city": "JASPER", "state": "IN", "zip": "47546"}, "former-company": {"former-conformed-name": "GAB BANCORP", "date-changed": "19950510"}}
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
Washington,
      D.C. 20549
FORM
      8-K
CURRENT
      REPORT
Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
      of
      Report (Date of earliest event reported): February 13, 2006
GERMAN
                AMERICAN BANCORP
(Exact
                name of registrant as specified in its
                charter)
Indiana
0-11244
35-1547518
(State
                or other jurisdiction of
incorporation
                or organization)
(Commission
                File Number)
(I.R.S.
                Employer Identification No.)
711
                Main Street
Box
                810
Jasper,
                Indiana
47546
(Address
                of principal executive offices)
(Zip
                Code)
Registrant's
      telephone number, including area code: (812) 482-1314
Not
                Applicable
(Former
                Name or Former Address, if Changed Since Last
                Report)
Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions (see General Instruction A.2. below):
࿳
Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)
࿳
      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
࿳
      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
      Act
      (17 CFR 240.14d-2(b))
࿳
      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
      Act
      (17 CFR 240.13e-4(c))
Item
      1.01.
Entry
      into a Material Definitive Agreement.
On
      February 13, 2006, the Board of Directors (the "Board") of German American
      Bancorp (the "Company"), by the vote of the members of the Board who are not
      "interested directors" within the meaning of the Marketplace Rules of the NASDAQ
      Stock Market, Inc., established the balanced scorecards for the executive
      officers that, taken together, constitute the Company's Management Incentive
      Plan for such executive officers for 2006, all as recommended by the Human
      Resources Committee of the Board (the "HR Committee"). In addition, on February
      15, 2006, the Long-Term Incentive Award Committee of the Board commenced
      awarding a new type of long-term incentive award under the Company's 1999
      Long-Term Equity Incentive Plan (the "1999 Plan").
Adoption
      of 2006 Management Incentive Plan
As
      in
      past years, executive officers of the Company were compensated for their
      services in 2005 under a program (known as the Management Incentive Plan) that
      included the opportunity to receive incentive awards in the form of short-term
      incentive cash awards and long-term equity incentive awards. The Board of
      Directors on February 13, 2006, accepted the recommendation of the Human
      Resources Committee that the Management Incentive Plan be continued for 2006,
      and established the criteria for personal 2006 "balanced scorecards" under
      the
      Plan for each of the Company's five executive officers, including short-term and
      long-term entitlements.
Short-term
      Cash Incentive Scorecards
.
      The
      Board (upon the recommendation of the HR Committee) established target
      short-term cash incentive awards for executive officers as percentages of their
      current year base salary (which range from 30% to 50% of 2006 base salary,
      depending upon the executive), with maximum awards (payable only if targeted
      performance and other criteria are substantially exceeded) of as much as 200%
      of
      the target awards. The scorecard of Mark A. Schroeder, President and Chief
      Executive Officer of the Company (the "CEO"), specifies a target award of 50%
      of
      his base salary for 2006; hence, if all targeted corporate and individual
      performance criteria are deemed to have been exceeded by the requisite amount
      with respect to the CEO's scorecard during 2006, the CEO could earn a short-term
      cash incentive award for his services during 2006 equal to 100% of his 2006
      base
      salary.
Short-term
      cash incentive award entitlements for services during 2006 under the scorecards
      will be based on (a) formula assessments of 2006 corporate performance (such
      corporate performance measures to represent 80% of the potential short-term
      incentive award), and (b) formula and/or discretionary assessments of personal
      or departmental performance during 2006 (representing the remaining 20% of
      the
      potential award).
Of
      the
      corporate performance portion, 50% will be determined by the Company's
      performance (benchmarked in relation to the Company's percentile ranking within
      a peer group selected by the HR Committee of certain banking companies located
      in the Midwest) in growth in earnings per share (25% of total corporate
      performance criteria) and in revenue as a percent of personnel-related expense
      (an additional 25% of total corporate performance criteria). The remaining
      50%
      of the corporate performance portion of each executive officer's 2006 short-term
      incentive scorecard will be determined by the Company's percentage growth in its
      core loans and core deposits.
Long-term
      Incentive Awards Scorecards.
Long-term incentive awards under the Management Incentive Plan have historically
      been awarded in the form of incentive stock options, with the number of shares
      determined based upon the dollar values of the long-term incentive awards deemed
      to have been earned pursuant to the prior year's scorecards. For services during
      2006, executive officers participating in the Management Incentive Plan may
      earn
      the right to be awarded long-term incentive awards in 2007, based upon the
      Company's average performance (as benchmarked against the Company's average
      annual percentile ranking within the peer group described above) in earnings
      per
      share growth and return on equity over the three-year period ending December
      31,
      2006. Like the cash incentive award target values, the dollar values of target
      long-term incentive awards for executive officers are figured as percentages
      of
      their current year base salary, which percentages range from 30 % to 50% of
      2006
      base salary, depending upon the executive; also like the cash incentive award
      scorecards, long-term incentive awards (payable only if targeted performance
      and
      other criteria are substantially exceeded on an average basis over the
      three-year period ending December 31, 2006) may be of as much as 200% of the
      target awards. The dollar value of the CEO's target long-term incentive award
      for 2006 is equal to 50% of his 2006 base salary; accordingly, his long term
      incentive award for 2006 could be as much as 100% of his 2006 base salary,
      but
      only if the targeted criteria are both substantially exceeded.
Change
      in Type and Grant of New Long-Term Incentive Awards
Also
      on
      February 13, 2006, the Board, upon the recommendation of the HR Committee,
      determined the dollar amounts of the cash incentive awards and equity incentive
      awards that are payable in 2006 to the executive officers, including the CEO,
      for their services during 2005. These amounts were determined in accordance
      with
      the criteria for determination of the amounts established by the respective
      2005
      scorecards that were previously disclosed by the Company in the Company's
      Current Report on Form 8-K filed with the Securities and Exchange Commission
      on
      May 4, 2005.
Effective
      February 15, 2006, the Long-Term Incentive Award Committee (formerly known
      as
      the Stock Option Committee) (the "Award Committee") awarded a new type of
      long-term incentive award under the 1999 Plan. In prior years, awards
      representing the dollar amounts of long-term incentives deemed to be earned
      by
      the executives under their respective personal scorecards were granted in the
      form of incentive stock options. At the recommendation of the Board and the
      Human Resources Committee, the Award Committee effective February 15, 2006,
      determined that future awards of long-term incentives under the 1999 Plan should
      generally be made in the form of restricted stock, granted in tandem with cash
      credit entitlements (such tandem grants of restricted stock and cash
      entitlements together are referred to in this Report as "Restricted Stock
      Awards"). The Restricted Stock Awards are subject to forfeiture in the event
      that the recipient of the grant does not continue in employment with the Company
      through December 15 of the year of grant, at which time they generally vest
      100
      percent. These and other terms of the Restricted Stock Awards granted on
      February 15, 2006, by the Award Committee to the Company's executive officers
      are more fully set forth in the form of Restricted Stock Award Agreement, the
      form of which is filed as part of this report as Exhibit 99, and is incorporated
      herein by reference.
On
      February 15, 2006, the Award Committee awarded Restricted Stock Awards on the
      form of the Restricted Stock Award Agreement to executive officers and other
      management employees, each consisting of newly-issued common stock of the
      Company (subject to the restrictions and forfeiture conditions set forth in
      the
      form of Restricted Stock Award Agreement) which were deemed to have a value
      of
      $12.94 per share (based on the NASDAQ Official Closing Price of the Company's
      common stock on February 14, 2006), and rights to receive cash payments in
      a
      dollar amount approximately equal to the dollar value of the restricted stock
      (which cash rights are subject to similar forfeiture conditions). Of these
      Restricted Stock Awards, the Award Committee granted to the five executive
      officers of the Company (in satisfaction of the Company's obligations to make
      long-term incentive awards in respect of the performance of the Company under
      their respective personal 2005 scorecards) Restricted Stock Awards with face
      values (approximately half in the form of restricted stock and half in the
      form
      of cash entitlements) as follows: $62,400 to Mr. Schroeder (CEO), $29,867 to
      Mr.
      Ewing, $18,400 to Mr. Ruhe, $18,400 to Mr. Rust, and $29,867 to Mr.
      Sendelweck.
Item
      9.01. Financial Statements and Exhibits.
(c)
Exhibits.
The
      exhibit listed in the Exhibit Index that immediately follows the Signatures
      page
      to this Report is incorporated herein by reference.
SIGNATURES
Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized.
German
              American
              Bancorp
Date:
              February 17, 2006
By:
/s/
              Mark A. Schroeder
Mark
              A. Schroeder
President
              and
              Chief Executive Officer
EXHIBIT
      INDEX
99
Form
                of Restricted Stock Award Agreement that evidences the terms of awards
                of
                restricted stock grants and related cash entitlements granted under
                the
                1999 Long-Term Equity Incentive
                Plan