CHURCHILL DOWNS INC

Ticker: CHDN CUSIP: 171484108 Class: COM

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

Note: Option positions (PUT/CALL) are excluded.

Q3 2016

Shares 5,041 Value ($000) $738 Avg Close $22.50 Range $19.38 - $24.12

Q1 2015

Shares 13,107 Value ($000) $1,507 Avg Close $16.25 Range $14.30 - $18.21

Q4 2014

Shares 10,439 Value ($000) $995 Avg Close $15.30 Range $14.35 - $16.50

Q3 2014

Shares 10,439 Value ($000) $1,018 Avg Close $14.42 Range $13.39 - $15.52

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	5,041	$738	$22.50	$19.38 - $24.12
Q1 2015	13,107	$1,507	$16.25	$14.30 - $18.21
Q4 2014	10,439	$995	$15.30	$14.35 - $16.50
Q3 2014	10,439	$1,018	$14.42	$13.39 - $15.52