Churchill Downs Inc — Director's Dealing 2018

Jan 4, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHURCHILL DOWNS Inc (CHDN)
CIK: 0000020212
Period of Report: 2017-12-31

Reporting Person: Carstanjen William C (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-31	Common Stock	M	20000.0000	$232.7000	Acquired	143552.4951	Direct
2017-12-31	Common Stock	M	14042.0000	$232.7000	Acquired	157594.4951	Direct
2017-12-31	Common Stock	F	6937.0000	$232.7000	Disposed	150657.4951	Direct
2017-12-31	Common Stock	F	9880.0000	$232.7000	Disposed	140777.4951	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-31	Restricted Stock	$	M	20000.0000	Disposed		Common Stock (20000.0000)	Direct
2017-12-31	Restricted Stock Units	$	M	14042.0000	Disposed		Common Stock (14042.0000)	Direct

Footnotes

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

F2: Restricted stock vests over a multi-year period.

F3: Restricted stock units don't have a conversion price or expiraton date.

F4: Restricted Stock vests over a multi year period.