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: REED REBECCA C (Sr. VP, Chief Compl. Officer)

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	265	Acquired	2017-06-26	Common Stock (265)	Direct
2007-09-26	Employee Stock Option (right to buy)	$49.95	A	265	Acquired	2017-09-26	Common Stock (265)	Direct
2007-09-26	Employee Stock Option (right to buy)	$49.95	A	264	Acquired	2017-09-26	Common Stock (264)	Direct
2007-09-26	Restricted Stock	$0	A	397	Acquired	2010-09-26	Common Stock (397)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6445	Direct

Footnotes

F1: N/A

F2: The restrictions lapse in 3 years from the date of grant.