Churchill Downs Inc — Director's Dealing 2018

Nov 1, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHURCHILL DOWNS Inc (CHDN)
CIK: 0000020212
Period of Report: 2018-10-30

Reporting Person: Carstanjen William C (Chief Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-10-30	Restricted Stock Units	$	A	16237.0000	Acquired		Common Stock (16237.0000)	Direct

Footnotes

F1: Restricted stock units do not have a conversion price or expiration date.

F2: These restricted stock units were granted in connection with the Executive entering into a new Executive Change in Control, Severance and Indemnity Agreement. These units will vest on the following schedule beginning on the fourth anniversary of the effective date: 4,059 units on 10/30/2022; 4,059 units on 10/30/2023; 4,059 units on 10/30/2024; 4,060 units on 10/30/2025.