Churchill Downs Inc — Director's Dealing 2007

Jul 10, 2007

SEC Form 4/A — Form 4/A

Issuer: CHURCHILL DOWNS INC (CHDN)
CIK: 0000020212
Period of Report: 2007-07-02

Reporting Person: DUCHOSSOIS RICHARD L (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-02	Phantom Stock	$0	A	158.745	Acquired		Common Stock (158.745)	Direct

Footnotes

F1: Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable upon the reporting person's termination of service as a director.

F2: The amount of shares reported on Form 4 dated April 4, 2007 was not included in the balance of Phantom Stock.