Churchill Downs Inc — Director's Dealing 2016

Apr 5, 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: HARRINGTON DANIEL P (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-06	Phantom Stock	$	A	67.5420	Acquired		Common Stock (67.5420)	Direct
2016-04-01	Phantom Stock	$	A	153.8410	Acquired		Common Stock (153.8410)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	233300.0000	Indirect

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. These shares of phantom stock were awarded in connection with the January 6, 2016 dividend payment.

F2: The closing price of CHDN common stock on March 31, 2016 was used to determine the number of phantom shares awarded.

F3: 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.