CHURCHILL DOWNS Inc 4
4 · CHURCHILL DOWNS Inc · Filed Apr 29, 2016
Insider Transaction Report
Form 4
MCDONALD JAMES F
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2016-04-27−30.44→ 0 total→ Common Stock (30.44 underlying) - Exercise/Conversion
Common Stock
2016-04-27+6,544.203→ 8,555.524 total - Exercise/Conversion
Common Stock
2016-04-27+30.44→ 12,319.936 total - Exercise/Conversion
Common Stock
2016-04-27+3,733.972→ 12,289.496 total - Award
Restricted Stock Units
2016-01-06+30.44→ 30.44 total→ Common Stock (30.44 underlying) - Exercise/Conversion
Phantom Stock
2016-04-27−6,544.203→ 0 total→ Common Stock (6,544.203 underlying) - Exercise/Conversion
Restricted Stock
2016-04-27−3,733.972→ 0 total→ Common Stock (3,733.972 underlying)
Footnotes (4)
- [F1]Restricted stock, restricted stock units and phantom stock awards convert into common stock on a one-for-one basis.
- [F2]Each restricted stock unit is the economic equivalent of one share of common stock. The shares of common stock are issued upon the reporting person's completion of service as a director. These restricted stock units were awarded in connection with the January 6, 2016 dividend payment.
- [F3]The reporting person was granted restricted stock units on an annual basis from 2010 through 2015 and also deferred portions of his retainer and meeting fees in exchange for phantom shares during the period March 2009 through March 2016. The restricted stock units and phantom shares awarded also accrued dividends in the form of additional restricted stock units and phantom shares during the periods described. The reporting person met the mandatory retirement age limit in 2016 and completed his service to the Board, therefore these restricted stock units and phantom shares were issued as common stock effective, April 27, 2016.
- [F4]The reporting person was granted restricted share units on an annual basis from 2010 through 2015 and also deferred portions of his retainer and meeting fees in exchange for phantom shares during the period March 2009 through March 2016. The restricted share units and phantom shares awarded also accrued dividends in the form of additional restricted share units and phantom shares during the periods described. The reporting person met the mandatory retirement age limit in 2016 and was not nominated to stand for re-election, therefore these restricted share units and phantom shares are to be issued as common stock effective, April 27, 2016.