Richard L Duchossois, a director of Churchill Downs, recently disposed of 137,141 shares of the company. The disposals took place at $148.75 per share, on November 30, 2016. Duchossois still owns 2,176,527 shares of the company. Duchossois operates out of Arlington Heights, IL. Some additional info was provided as follows:
These are the same shares reflected in the Form 4 filing of Mr. Craig Duchossois that is being filed simultaneous herewith.
Richard Duchossois, by virtue of his relationship with Spring Creek Investors II LLC, may be deemed to benefically own the shares of CHDN that are held by Spring Creek Investors II LLC. Richard Duchossois disclaims beneficial ownership with respect to the shares of CHDN held by Spring Creek Investors II LLC, except with respe
ct to his pecuniary interest in such shares.
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 Duchossois Group, Inc. transferred its shares to its wholly owned subsidiary, CDI Holdings, LLC, in 2016.
Richard Duchossois, by virtue of his 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. Richard Duchossois disclaims beneficial ownership with respect to the shares of CHDN held by The Chamberlain Group, Inc., except with respect to his pecuniary interest in such shares.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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