Churchill Downs Inc — Director's Dealing 2007

Sep 29, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHURCHILL DOWNS INC (CHDN)
CIK: 0000020212
Period of Report: 2007-09-26

Reporting Person: ANDERSON MICHAEL W (VP Finance and Treasurer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-26	Employee Stock Option (right to buy)	$49.95	A	307	Acquired	2017-09-26	Common Stock (307)	Direct
2007-09-26	Employee Stock Option (right to buy)	$49.95	A	307	Acquired	2017-09-26	Common Stock (307)	Direct
2007-09-26	Employee Stock Option (right to buy)	$49.95	A	306	Acquired	2017-09-26	Common Stock (306)	Direct
2007-09-26	Restricted Stock	$0	A	460	Acquired		Common Stock (460)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	219	Direct

Footnotes

F1: This security generally does not carry Conversion Price, Exercisable Date or Expiration Date