Churchill Downs Inc — Director's Dealing 2010

Mar 11, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHURCHILL DOWNS INC (CHDN)
CIK: 0000020212
Period of Report: 2010-03-09

Reporting Person: POLLARD CARL F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-09	Common Stock	G	5300	—	Disposed	65635	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	63145	Indirect
Common Stock	8223	Indirect

Footnotes

F1: These shares are owned directly by the FLP, of which Pollard Ventures, Inc., a corporation of which the reporting person is the president and sole shareholder, is the sole general partner, and a grantor retained annuity trust (the ?GRAT?), of which the reporting person is the sole trustee and sole annuitant, is the sole limited partner. On April 23, 2009, the FLP redeemed a portion of the limited partnership interests owned by the GRAT and distributed to the reporting person 60,935 shares in satisfaction of the GRAT?s annuity obligation to the reporting person. The distributed shares continue to be reported in this Form 4 as directly owned by the reporting person.