Churchill Downs Inc — Director's Dealing 2016

Apr 30, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHURCHILL DOWNS Inc (CHDN)
CIK: 0000020212
Period of Report: 2016-01-06

Reporting Person: Rankin R Alex (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-06	Common Stock	A	30.4400	$0.0000	Acquired	4830.4400	Direct
2016-04-27	Common Stock	A	867.1523	$0.0000	Acquired	9431.5623	Direct

Footnotes

F1: Restricted stock units were awarded in connection with the January 6, 2016 dividend payment. Each restricted stock unit is the economic equivalent of one share of common stock. The shares of common stock are transferred upon the reporting person's completion of service as a director.

F2: Restricted stock units granted in connection with 2016 director service which will vest one year from the anniversary of the grant date. Each restricted stock unit is the economic equivalent of one share of common stock. The vested restricted stock units are transferred upon the reporting person's completion of service as a director.

F3: The total holdings include 3,733.97 shares underlying restricted stock units and phantom share units that were previously reported in Table II for the reporting person.