Gay James Edward 4
4 · CHURCHILL DOWNS INC · Filed Mar 26, 2013
Insider Transaction Report
Form 4
Gay James Edward
President, Churchill Downs Int
Transactions
- Award
Restricted Stock
2013-03-21+43,000→ 43,000 total→ Common Stock (43,000 underlying) - Award
Common Stock
2013-03-21$67.26/sh+12,000$807,120→ 49,383.909 total
Footnotes (3)
- [F1]The restricted stock units will vest over a four (4) year period, 50% on 12/31/2015 and 50% on 12/31/2016.
- [F2]Each restricted stock unit represents a contractual right to receive one share of CHDN common stock.
- [F3]The restricted stock units vest over a five (5) year period beginning March 21, 2013, and are tied to stock price triggers. Shares vest upon CHDN trading for twenty (20) consecutive days above various stock price triggers. No shares shall vest during 2013. If CHDN stock does not reach a stock price trigger before the fifth anniversary of the restricted stock grant said restricted stock units shall be forfeited.