Churchill Downs Inc — Director's Dealing 2007

Sep 27, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHURCHILL DOWNS INC (CHDN)
CIK: 0000020212
Period of Report: 2007-09-21

Reporting Person: Soth Randall Edward (Pres-Ch Dwns LA Horseracing Co)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-21	Common Stock	M	1916	$27.23	Acquired	2188	Direct
2007-09-21	Common Stock	M	287	$35.95	Acquired	2475	Direct
2007-09-21	Common Stock	S	13	$51.9	Disposed	2462	Direct
2007-09-21	Common Stock	S	87	$51.9	Disposed	2375	Direct
2007-09-21	Common Stock	S	100	$51.53	Disposed	2275	Direct
2007-09-21	Common Stock	S	100	$51.91	Disposed	2175	Direct
2007-09-21	Common Stock	S	100	$51.86	Disposed	2075	Direct
2007-09-21	Common Stock	S	100	$51.92	Disposed	1975	Direct
2007-09-21	Common Stock	S	100	$51.76	Disposed	1875	Direct
2007-09-21	Common Stock	S	100	$51.67	Disposed	1775	Direct
2007-09-21	Common Stock	S	100	$51.79	Disposed	1675	Direct
2007-09-21	Common Stock	S	200	$51.52	Disposed	1475	Direct
2007-09-21	Common Stock	S	500	$51.8	Disposed	975	Direct
2007-09-21	Common Stock	S	703	$51.39	Disposed	272	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-21	Employee Stock Option (right to buy)	$27.23	M	1916	Disposed	2011-11-13	Common Stock (1916)	Direct
2007-09-21	Employee Stock Option (right to buy)	$35.95	M	287	Disposed	2012-06-19	Common Stock (287)	Direct