X0306 4 2019-04-23 0000020212 CHURCHILL DOWNS Inc CHDN 0001246240 GRISSOM DOUGLAS C 600 N. HURSTBOURNE PARKWAY, SUITE 400 LOUISVILLE KY 40222 1 Common Stock 2019-04-23 4 A 0 1731.8400 0.0000 A 5068.4100 D Restricted stock units granted in connection with 2019 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. The closing price of CHDN common stock on April 23, 2019, was used to determine the number of restricted stock units granted. Restricted stock units do not have a conversion price or expiration date. The holding is comprised of restricted stock units granted for service as a director, phantom stock units granted in connection with deferred compensation elections and dividends awarded for such units. The equivalent shares of common stock related to vested units will be transferred upon the reporting person's completion of service as a director. Paula Chumbley, Attorney-in-Fact for Douglas C. Grissom 2019-04-25