Churchill Downs Inc — Director's Dealing 2014

Jul 2, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHURCHILL DOWNS INC (CHDN)
CIK: 0000020212
Period of Report: 2014-06-30

Reporting Person: Evans Robert L (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-30	Common Stock	M	5700.0000	$35.1900	Acquired	187584.0000	Direct
2014-06-30	Common Stock	S	5700.0000	$89.6013	Disposed	181884.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-06-30	Employee Stock Option (right to buy)	$35.1900	M	5700.0000	Disposed	2016-11-14	Common Stock (5700.0000)	Direct

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 3/28/2014.

F2: This transaction was effected in multiple trades ranging from $88.73 to $89.94. The price above reflects the weighted average sale price. The reporting person hereby undertakes to provide request to SEC Staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: The option vests quarterly over three (3) years beginning on September 30, 2010.