Churchill Downs Inc — Director's Dealing 2017

Jan 11, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHURCHILL DOWNS Inc (CHDN)
CIK: 0000020212
Period of Report: 2016-12-30

Reporting Person: FEALY ROBERT L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-30	Common Stock	A	146.2280	$0.0000	Acquired	14754.3673	Direct
2017-01-06	Common Stock	A	132.7180	$0.0000	Acquired	14887.0853	Direct

Footnotes

F1: Phantom share units awarded in connection with the election to defer compensation. Each phantom share unit is the economic equivalent of one share of common stock. The shares of common stock are transferred upon the reporting persons completion of service as a director.

F2: The closing price of CHDN common stock on December 30, 2016 was used to determine the number of phantom shares awarded.

F3: The holding is comprised of restricted stock units granted for service as a director, phantom stock units granted in connection with a deferred compensation elections and dividends awarded for each units. The equivalent shares of common stock related to these units will be transferred upon the reporting persons completion of service as a director.

F4: Dividends granted in the form of restricted stock units and phantom stock units. The equivalent shares of common stock related to these units will be transferred upon the reporting persons completion of service as a director.