R Alex Rankin, a director of Churchill Downs, recently acquired 899 shares of the company. The buys took place at $0.00 per share, on dates ranging from January 06 to April 27, 2016. Rankin now owns 9,434 shares of the company. Rankin operates out of Louisville, KY. Some additional info was provided as follows:
Restricted stock units were awarded in connection with the January 6, 2016 dividend payment. Each restricted stock 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 purpose of this amendment is to correctly report the award, which due to an inadvertent exclusion has been adjusted to include .02 restricted stock unit awarded in connection
with the 1/6/16 dividend payment, that was not included in the reporting person's prior filing.
Restricted stock units granted in connection with 2016 director service which will vest one year from the anniversary of the grant date. Each restricted stock unit is the economic equivalent of one share of common stock. The vested restricted stock units are transferred upon the reporting person's completion of service as a director.
The total holdings include 3,733.97 shares underlying restricted stock units and phantom share units that were previously reported in Table II for the reporting person. The purpose of this amendment is to correctly report the total holdings, which due to an inadvertent exclusion have been adjusted to include 2.80 restricted stock units awarded in connection with the 1/7/15 dividend payment, that 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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Other recent filings from the company include the following:
Churchill Downs Just Filed Its Quarterly Report: The following is a r... - Nov. 1, 2017
Churchill Downs Incorporated Reports 2017 THIRD QUARTER RESULTS - Nov. 1, 2017
Churchill Downs Incorporated Board Of Directors Appoints R. Alex Rankin As Vice Chairman And Increases Annual Dividend For Shareholders - Oct. 26, 2017