X0306 4 2019-06-28 0000020212 CHURCHILL DOWNS Inc CHDN 0001246240 GRISSOM DOUGLAS C 600 N. HURSTBOURNE PARKWAY, SUITE 400 LOUISVILLE KY 40222 1 Common Stock 2019-06-28 4 A 0 229.2100 0.0000 A 5297.6200 D Phantom share units awarded in connection with the election to defer compensation. Each phantom share units 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. The closing price of CHDN common stock on June 28, 2019 was used to determine the number of phantom shares awarded. 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 each unit. 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 2019-07-01