Craig J Duchossois, a director of Churchill Downs, recently acquired 147 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. Duchossois now owns 2,173,300 shares of the company. Duchossois operates out of Elmhurst, IL. 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 comprise
d 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 .02 restricted stock units and 2.80 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 Duchossois Group, Inc. transferred its shares to its wholly owned subsidiary, CDI Holdings, LLC in 2016.
Richard L. Duchossois and Craig J. Duchossois, by virtue of their relationship with Spring Creek Investors II, LLC may be deemed to beneficially own the shares of CHDN.
Richard L. Duchossois and Craig J. Duchossois, by virtue of their relationship with The Chamberlain Group, Inc. and The Duchossois Group, Inc., may be deemed to beneficially own the shares of CHDN that are held by The Chamberlain Group, Inc.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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