Richard L Duchossois, a director of Churchill Downs, has just filed an initial statement of beneficial ownership where 7,207 shares of Churchill Downs were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Duchossois. Duchossois operates out of Arlington Heights, IL. Some additional info was provided as follows:
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.
The purpose of this amendment i
s to correctly report the total holdings, which due to an inadvertent exclusion have been adjusted to include .02 restricted stock unit and 2.80 restricted stock units awarded in connection with 1/6/16 and 1/7/15 dividend payments, respectively, 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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