Churchill Downs director just picked up 72 shares

Ulysses L Bridgeman, a director of Churchill Downs, recently acquired 72 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on July 01, 2016. Bridgeman now owns 3,859 shares of the company. Bridgeman operates out of Louisville, KY. Some additional info was provided as follows:

Phantom share units awarded in connection with the election to defer compensation. Each phantom share unit is the economic equivalent of one share of common stock. The shares of common stock are transferred upon the reporting person's completion of service as a director. The closing price of CHDN common stock on June 30, 2016 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 a deferred compensation elections and dividends awarded for such units. The equivalent shares of common stock related to these units will be transferred upon the reporting person's completion of service as a director. Due to an inadvertent exclusion the total holdings have been adjusted to include .01 restricted stock units and 1.20 restricted stock units awarded in connection with 1/6/16 and 1/7/15 dividend payments, respectively, which were not included in the reporting person's prior filing.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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