SC 13G/A

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 3)

 

 

CHURCHILL DOWNS INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

171484108

(CUSIP Number)

December 31, 2016

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 171484108   Page 2 of 35 Pages

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

Atlas Master Fund, Ltd.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

39,283 (See Item 4)

   6   

SHARED VOTING POWER

 

None (see Item 4)

   7   

SOLE DISPOSITIVE POWER

 

39,283 (See Item 4)

   8   

SHARED DISPOSITIVE POWER

 

None

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

39,283 (See Item 4)

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ☐

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.24%

12  

TYPE OF REPORTING PERSON*

 

CO

 

* SEE INSTRUCTIONS BEFORE FILLING OUT.


CUSIP No. 171484108   Page 3 of 35 Pages

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

Atlas Global, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

39,283

   6   

SHARED VOTING POWER

 

None (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

39,283

   8   

SHARED DISPOSITIVE POWER

 

None (See Item 4)

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

39,283 (See Item 4)

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*             ☐

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.24%

12  

TYPE OF REPORTING PERSON*

 

OO

 

* SEE INSTRUCTIONS BEFORE FILLING OUT.


CUSIP No. 171484108   Page 4 of 35 Pages

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

Atlas Global Investments, Ltd.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

39,283

   6   

SHARED VOTING POWER

 

None (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

39,283

   8   

SHARED DISPOSITIVE POWER

 

None (See Item 4)

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

39,283 (See Item 4)

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*             ☐

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.24%

12  

TYPE OF REPORTING PERSON*

 

CO

 

* SEE INSTRUCTIONS BEFORE FILLING OUT.


CUSIP No. 171484108   Page 5 of 35 Pages

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

Atlas Institutional Fund, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

39,283

   6   

SHARED VOTING POWER

 

None (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

39,283

   8   

SHARED DISPOSITIVE POWER

 

None (See Item 4)

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

39,283 (See Item 4)

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*             ☐

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.24%

12  

TYPE OF REPORTING PERSON*

 

OO

 

* SEE INSTRUCTIONS BEFORE FILLING OUT.


CUSIP No. 171484108   Page 6 of 35 Pages

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

Atlas Institutional Fund, Ltd.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

39,283

   6   

SHARED VOTING POWER

 

None (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

39,283

   8   

SHARED DISPOSITIVE POWER

 

None (See Item 4)

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

39,283 (See Item 4)

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*             ☐

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.24%

12  

TYPE OF REPORTING PERSON*

 

CO

 

* SEE INSTRUCTIONS BEFORE FILLING OUT.


CUSIP No. 171484108   Page 7 of 35 Pages

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

Atlas Global Japan Unit Trust

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

39,283

   6   

SHARED VOTING POWER

 

None (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

39,283

   8   

SHARED DISPOSITIVE POWER

 

None (See Item 4)

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

39,283 (See Item 4)

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*             ☐

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.24%

12  

TYPE OF REPORTING PERSON*

 

OO

 

* SEE INSTRUCTIONS BEFORE FILLING OUT.


CUSIP No. 171484108   Page 8 of 35 Pages

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

Atlas Enhanced Master Fund, Ltd.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

229,307

   6   

SHARED VOTING POWER

 

None (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

229,307

   8   

SHARED DISPOSITIVE POWER

 

None (See Item 4)

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

229,307 (See Item 4)

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*             ☐

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

1.38%

12  

TYPE OF REPORTING PERSON*

 

CO

 

* SEE INSTRUCTIONS BEFORE FILLING OUT.


CUSIP No. 171484108   Page 9 of 35 Pages

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

Atlas Enhanced Fund, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

229,307

   6   

SHARED VOTING POWER

 

None (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

229,307

   8   

SHARED DISPOSITIVE POWER

 

None (See Item 4)

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

229,307 (See Item 4)

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*             ☐

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

1.38%

12  

TYPE OF REPORTING PERSON*

 

OO

 

* SEE INSTRUCTIONS BEFORE FILLING OUT.


CUSIP No. 171484108   Page 10 of 35 Pages

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

Atlas Enhanced Fund, Ltd.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

229,307

   6   

SHARED VOTING POWER

 

None (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

229,307

   8   

SHARED DISPOSITIVE POWER

 

None (See Item 4)

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

229,307 (See Item 4)

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*             ☐

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

1.38%

12  

TYPE OF REPORTING PERSON*

 

CO

 

* SEE INSTRUCTIONS BEFORE FILLING OUT.


CUSIP No. 171484108   Page 11 of 35 Pages

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

BAM Zie Master Fund, Ltd.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

93,398

   6   

SHARED VOTING POWER

 

None (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

93,398

  

8

  

SHARED DISPOSITIVE POWER

 

None (See Item 4)

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

93,398 (See Item 4)

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*             ☐

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.56%

12  

TYPE OF REPORTING PERSON*

 

CO

 

* SEE INSTRUCTIONS BEFORE FILLING OUT.


CUSIP No. 171484108   Page 12 of 35 Pages

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

BAM Zie Fund, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

93,398

   6   

SHARED VOTING POWER

 

None (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

93,398

   8   

SHARED DISPOSITIVE POWER

 

None (See Item 4)

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

93,398 (See Item 4)

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*            ☐

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.56%

12  

TYPE OF REPORTING PERSON*

 

OO

 

* SEE INSTRUCTIONS BEFORE FILLING OUT.


CUSIP No. 171484108   Page 13 of 35 Pages

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

BAM Zie Fund, Ltd.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

93,398

   6   

SHARED VOTING POWER

 

None (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

93,398

   8   

SHARED DISPOSITIVE POWER

 

None (See Item 4)

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

93,398 (See Item 4)

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*             ☐

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.56%

12  

TYPE OF REPORTING PERSON*

 

CO

 

* SEE INSTRUCTIONS BEFORE FILLING OUT.


CUSIP No. 171484108   Page 14 of 35 Pages

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

Atlas Fundamental Trading Master Fund, Ltd.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

6,814

   6   

SHARED VOTING POWER

 

None (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

6,814

   8   

SHARED DISPOSITIVE POWER

 

None (See Item 4)

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

6,814 (See Item 4)

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*             ☐

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.04%

12  

TYPE OF REPORTING PERSON*

 

CO

 

* SEE INSTRUCTIONS BEFORE FILLING OUT.


CUSIP No. 171484108   Page 15 of 35 Pages

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

Atlas Fundamental Trading Fund, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

6,814

   6   

SHARED VOTING POWER

 

None (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

6,814

   8   

SHARED DISPOSITIVE POWER

 

None (See Item 4)

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

6,814 (See Item 4)

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*             ☐

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.04%

12  

TYPE OF REPORTING PERSON*

 

OO

 

* SEE INSTRUCTIONS BEFORE FILLING OUT.


CUSIP No. 171484108   Page 16 of 35 Pages

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

Atlas Fundamental Trading Fund, Ltd.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

6,814

   6   

SHARED VOTING POWER

 

None (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

6,814

   8   

SHARED DISPOSITIVE POWER

 

None (See Item 4)

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

6,814 (See Item 4)

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*             ☐

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.04%

12  

TYPE OF REPORTING PERSON*

 

CO

 

* SEE INSTRUCTIONS BEFORE FILLING OUT.


CUSIP No. 171484108   Page 17 of 35 Pages

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

Balyasny Asset Management L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

368,802 (See Item 4)

   6   

SHARED VOTING POWER

 

None

   7   

SOLE DISPOSITIVE POWER

 

368,802 (See Item 4)

   8   

SHARED DISPOSITIVE POWER

 

None

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

368,802 (See Item 4)

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*             ☐

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

2.22%

12  

TYPE OF REPORTING PERSON*

 

IA

 

* SEE INSTRUCTIONS BEFORE FILLING OUT.


CUSIP No. 171484108   Page 18 of 35 Pages

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

Dmitry Balyasny

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

368,802 (See Item 4)

   6   

SHARED VOTING POWER

 

None

   7   

SOLE DISPOSITIVE POWER

 

368,802 (See Item 4)

   8   

SHARED DISPOSITIVE POWER

 

None

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

368,802 (See Item 4)

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*             ☐

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

2.22%

12  

TYPE OF REPORTING PERSON*

 

IN

 

* SEE INSTRUCTIONS BEFORE FILLING OUT.


Item 1    (a)    Name of Issuer:
      CHURCHILL DOWNS INC. (the “Company”)
   (b)    Address of Issuer’s Principal Executive Offices:
      600 North Hurstbourne Parkway, Suite 400
      Louisville, KY 40222
      United States
Item 2    (a) – (c)    This statement is filed on behalf of the following:
  

(1) Atlas Master Fund, Ltd. is a Cayman corporation (“AMF”), with its principal business office at c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, George Town, Grand Cayman KY1-1104, Cayman Islands, British West Indies.

  

(2) Atlas Global, LLC is a Delaware limited liability company (“AG”), with its principal business office at 181 West Madison, Suite 3600, Chicago, IL 60602. AG owns 16.46% of the equity interests in AMF.

  

(3) Atlas Global Investments, Ltd. is a Cayman corporation (“AGI”), with its principal business office at c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, George Town, Grand Cayman KY1-1104, Cayman Islands, British West Indies. AGI owns 30.61% of the equity interests in AMF.

  

(4) Atlas Institutional Fund, LLC is a Delaware limited liability company (“AIF LLC”), with its principal business office at 181 West Madison, Suite 3600, Chicago, IL 60602. AIF LLC owns 6.05% of the equity interests in AMF.

  

(5) Atlas Institutional Fund, Ltd. is a Cayman corporation (“AIF LTD”), with its principal business office at c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, George Town, Grand Cayman KY1-1104, Cayman Islands, British West Indies. AIF LTD owns 17.69% of the equity interests in AMF.

  

(6) Atlas Global Japan Unit Trust is a Cayman exempted unit trust (“AGJ”), with its principal business office at c/o CIBC Bank and Trust Company (Cayman) Limited, CIBC Financial Centre, 11 Dr. Roy’s Drive-3rd Floor, P.O. Box 694, Grand Cayman, Cayman Islands, British West Indies. AGJ owns 9.31% of the equity interests in AMF.

  

(7) Atlas Enhanced Master Fund, Ltd. is a Cayman corporation (“AEMF”), with its principal business office at c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, George Town, Grand Cayman KY1-1104, Cayman Islands, British West Indies.

 

Page 19 of 35 Pages


  

(8) Atlas Enhanced Fund, L.P. is a Delaware limited partnership (“AEF LP”), with its principal business office at 181 West Madison, Suite 3600, Chicago, IL 60602. AEF LP owns 29.01% of the equity interests in AEMF.

  

(9) Atlas Enhanced Fund, Ltd. is a Cayman corporation (“AEF LTD”), with its principal business office at c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, George Town, Grand Cayman KY1-1104, Cayman Islands, British West Indies. AEF LTD owns 70.98% of the equity interests in AEMF.

  

(10) BAM Zie Master Fund, Ltd. is a Cayman corporation (“BZMF”), with its principal business office at c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, George Town, Grand Cayman KY1-1104, Cayman Islands, British West Indies.

  

(11) BAM Zie Fund, LLC is a Delaware limited liability company (“BZF LLC”), with its principal business office at 181 West Madison, Suite 3600, Chicago, IL 60602. BZF LLC owns 55.50% of the equity interests in BZMF.

  

(12) BAM Zie Fund, Ltd. is a Cayman corporation (“BZF LTD”), with its principal business office at c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, George Town, Grand Cayman KY1-1104, Cayman Islands, British West Indies. BZF LTD owns 44.25% of the equity interests in BZMF.

  

(13) Atlas Fundamental Trading Master Fund Ltd. is a Cayman corporation (“AFT MASTER”), with its principal business office at c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, George Town, Grand Cayman KY1-1104, Cayman Islands, British West Indies.

  

(14) Atlas Fundamental Trading Fund, L.P., is a Delaware limited partnership (“AFT LP”), with its principal business office at 181 West Madison, Suite 3600, Chicago, IL 60602. AFT LP owns 36.67% of the equity interests in AFT MASTER.

  

(15) Atlas Fundamental Trading Fund Ltd. is a Cayman corporation (“AFT LTD”), with its principal business office at c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, George Town, Grand Cayman KY1-1104, Cayman Islands, British West Indies. AFT LTD owns 63.23% of the equity interests in AFT MASTER

  

(16) Balyasny Asset Management L.P. is a Delaware limited partnership (“BAM”), with its principal business office at 181 West Madison, Suite 3600, and Chicago, IL 60602. BAM is the investment manager to each of AMF, AG, AGI, AIF LLC, AIF LTD, AGJ, AEMF, AEF LP, AEF LTD, BZMF, BZF LLC, BZF LTD, AFT MASTER, AFT LP and AFT LTD.

 

Page 20 of 35 Pages


  

(17) Dmitry Balyasny, a United States citizen whose business address is 181 West Madison, Suite 3600, Chicago, IL 60602. Dmitry Balyasny is the sole managing member of the general partner of BAM.

   (d)    Title of Class of Securities:
      Common Stock
   (e)   

CUSIP Number: 171484108

 

Item 3    If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
  

Not Applicable

 

Item 4    Ownership:   
   AMF   
   (a)    Amount Beneficially Owned:
     

39,283

   (b)    Percent of Class:
     

0.24%

   (c)    Number of Shares as to which person has:
     

(i)     Sole power to vote or to direct vote:

     

39,283

     

(ii)    Shared power to vote or to direct vote:

     

None

     

(iii)  Sole power to dispose or direct disposition of:

     

39,283

 

Page 21 of 35 Pages


     

(iv)   Shared power to dispose or to direct disposition of:

     

None

   AG   
   (a)    Amount Beneficially Owned:
      By virtue of its ownership of 16.46% of the equity interest in AMF, AG may be deemed to beneficially own the 39,283 Shares of the Company’s Common Stock beneficially owned by AMF.
   (b)    Percent of Class:
     

0.24%

   (c)    Number of Shares as to which person has:
     

(i)     Sole power to vote or to direct vote:

     

39,283

     

(ii)    Shared power to vote or to direct vote:

     

None

     

(iii)  Sole power to dispose or direct disposition of:

     

39,283

     

(iv)   Shared power to dispose or to direct disposition of:

     

None

   AGI   
   (a)    Amount Beneficially Owned:
      By virtue of its ownership of 30.61% of the equity interest in AMF, AGI may be deemed to beneficially own the 39,283 Shares of the Company’s Common Stock beneficially owned by AMF.

 

Page 22 of 35 Pages


   (b)    Percent of Class:
     

0.24%

   (c)    Number of Shares as to which person has:
     

(i)     Sole power to vote or to direct vote:

     

39,283

     

(ii)    Shared power to vote or to direct vote:

     

None

     

(ii)    Sole power to dispose or direct disposition of:

     

39,283

     

(iv)   Shared power to dispose or to direct disposition of:

     

None

   AIF LLC   
   (a)    Amount Beneficially Owned:
      By virtue of its ownership of 6.05% of the equity interest in AMF, AIF LLC may be deemed to beneficially own the 39,283 Shares of the Company’s Common Stock beneficially owned by AMF.
   (b)    Percent of Class:
     

0.24%

   (c)    Number of Shares as to which person has:
     

(i)     Sole power to vote or to direct vote:

     

39,283

     

(ii)    Shared power to vote or to direct vote:

     

None

     

(iii)  Sole power to dispose or direct disposition of:

 

     

39,283

 

Page 23 of 35 Pages


     

(iv)   Shared power to dispose or to direct disposition of:

     

None

   AIF LTD   
   (a)    Amount Beneficially Owned:
      By virtue of its ownership of 17.69% of the equity interest in AMF, AIF LTD may be deemed to beneficially own the 39,283 Shares of the Company’s Common Stock beneficially owned by AMF.
   (b)    Percent of Class:
     

0.24%

   (c)    Number of Shares as to which person has:
     

(i)     Sole power to vote or to direct vote:

     

39,283

     

(ii)    Shared power to vote or to direct vote:

     

None

     

(iii)  Sole power to dispose or direct disposition of:

     

39,283

     

(iv)   Shared power to dispose or to direct disposition of:

     

None

   AGJ   
   (a)    Amount Beneficially Owned:
      By virtue of its ownership of 9.31% of the equity interest in AMF, AGJ may be deemed to beneficially own the 39,283 Shares of the Company’s Common Stock beneficially owned by AMF.

 

Page 24 of 35 Pages


   (b)    Percent of Class:
     

0.24%

   (c)    Number of Shares as to which person has:
     

(i)     Sole power to vote or to direct vote:

     

39,283

     

(ii)    Shared power to vote or to direct vote:

     

None

     

(iii)  Sole power to dispose or direct disposition of:

     

39,283

     

(iv)   Shared power to dispose or to direct disposition of:

     

None

   AEMF   
   (a)    Amount Beneficially Owned:
     

229,307

   (b)    Percent of Class:
     

1.38%

   (c)    Number of Shares as to which person has:
     

(i)     Sole power to vote or to direct vote:

     

229,307

     

(ii)    Shared power to vote or to direct vote:

     

None

     

(iii)  Sole power to dispose or direct disposition of:

 

Page 25 of 35 Pages


     

229,307

     

(iv)   Shared power to dispose or to direct disposition of:

     

None

   AEF LP   
   (a)    Amount Beneficially Owned:
      By virtue of its ownership of 29.01% of the equity interest in AEMF, AEF LP may be deemed to beneficially own the 229,307 Shares of the Company’s Common Stock beneficially owned by AEMF.
   (b)    Percent of Class:
     

1.38%

   (c)    Number of Shares as to which person has:
     

(i)     Sole power to vote or to direct vote:

     

229,307

     

(ii)    Shared power to vote or to direct vote:

     

None

     

(iii)  Sole power to dispose or direct disposition of:

     

229,307

     

(iv)   Shared power to dispose or to direct disposition of:

     

None

 

Page 26 of 35 Pages


   AEF LTD   
   (a)    Amount Beneficially Owned:
      By virtue of its ownership of 70.98% of the equity interest in AEMF, AEF LTD may be deemed to beneficially own the 229,307 Shares of the Company’s Common Stock beneficially owned by AEMF.
   (b)    Percent of Class:
     

1.38%

   (c)    Number of Shares as to which person has:
     

(i)     Sole power to vote or to direct vote:

     

229,307

     

(ii)    Shared power to vote or to direct vote:

     

None

     

(iii)  Sole power to dispose or direct disposition of:

     

229,307

     

(iv)   Shared power to dispose or to direct disposition of:

     

None

   BZMF   
   (a)    Amount Beneficially Owned:
     

93,398

   (b)    Percent of Class:
     

0.56%

   (c)    Number of Shares as to which person has:
     

(ii)    Sole power to vote or to direct vote:

     

93,398

 

Page 27 of 35 Pages


     

(ii)    Shared power to vote or to direct vote:

     

None

     

(iii)  Sole power to dispose or direct disposition of:

     

93,398

     

(iv)   Shared power to dispose or to direct disposition of:

     

None

   BZF LLC   
   (a)    Amount Beneficially Owned:
      By virtue of its ownership of 55.50% of the equity interest in BZMF, BZF LLC may be deemed to beneficially own the 93,398 Shares of the Company’s Common Stock beneficially owned by BZMF.
   (b)    Percent of Class:
     

0.56%

   (c)    Number of Shares as to which person has:
     

(iii)  Sole power to vote or to direct vote:

     

93,398

     

(ii)    Shared power to vote or to direct vote:

     

None

     

(iii)  Sole power to dispose or direct disposition of:

     

93,398

     

(iv)   Shared power to dispose or to direct disposition of:

     

None

 

Page 28 of 35 Pages


   BZF LTD
   (a)    Amount Beneficially Owned:
      By virtue of its ownership of 44.25% of the equity interest in BZMF, BZF LTD may be deemed to beneficially own the 93,398 Shares of the Company’s Common Stock beneficially owned by BZMF.
   (b)    Percent of Class:
     

0.56%

   (c)    Number of Shares as to which person has:
     

(i)     Sole power to vote or to direct vote:

     

93,398

     

(ii)    Shared power to vote or to direct vote:

     

None

     

(iv)   Sole power to dispose or direct disposition of:

     

93,398

     

(iv)   Shared power to dispose or to direct disposition of:

     

None

   AFT MASTER
   (a)    Amount Beneficially Owned:
     

6,814

   (b)    Percent of Class:
     

0.04%

   (c)    Number of Shares as to which person has:
     

(i)     Sole power to vote or to direct vote:

     

6,814

 

Page 29 of 35 Pages


     

(ii)    Shared power to vote or to direct vote:

     

None

     

(iii)  Sole power to dispose or direct disposition of:

     

6,814

     

(iv)   Shared power to dispose or to direct disposition of:

     

None

   AFT LP
   (a)    Amount Beneficially Owned:
      By virtue of its ownership of 36.67% of the equity interest in AFT MASTER, AFT LP may be deemed to beneficially own the 6,814 Shares of the Company’s Common Stock beneficially owned by AFT MASTER.
   (b)    Percent of Class:
     

0.04%

   (c)    Number of Shares as to which person has:
     

(i)     Sole power to vote or to direct vote:

     

6,814

     

(ii)    Shared power to vote or to direct vote:

     

None

     

(iii)  Sole power to dispose or direct disposition of:

     

6,814

     

(iv)   Shared power to dispose or to direct disposition of:

     

None

 

Page 30 of 35 Pages


   AFT LTD
   (a)    Amount Beneficially Owned:
      By virtue of its ownership of 63.23% of the equity interest in AFT MASTER, AFT LTD may be deemed to beneficially own the 6,814 Shares of the Company’s Common Stock beneficially owned by AFT MASTER.
   (b)    Percent of Class:
     

0.04%

   (c)    Number of Shares as to which person has:
     

(i)     Sole power to vote or to direct vote:

     

6,814

     

(ii)    Shared power to vote or to direct vote:

     

None

     

(iii)  Sole power to dispose or direct disposition of:

     

6,814

     

(iv)   Shared power to dispose or to direct disposition of:

     

None

   BAM   
   (a)    Amount Beneficially Owned:
      By virtue of its position as investment manager to each of AMF, AG, AGI, AIF LLC, AIF LTD, AGJ, AEMF, AEF LP, AEF LTD, BZMF, BZF LLC, BZF LTD, AFT MASTER, AFT LP and AFT LTD, BAM may be deemed to beneficially own the 368,802 Shares of the Company’s Common Stock beneficially owned by AMF, AG, AGI, AIF LLC, AIF LTD, AGJ, AEMF, AEF LP, AEF LTD, BZMF, BZF LLC, BZF LTD, AFT MASTER, AFT LP and AFT LTD.
   (b)    Percent of Class:
     

2.22%

 

Page 31 of 35 Pages


   (c)    Number of Shares as to which person has:
     

(i)     Sole power to vote or to direct vote:

     

368,802

     

(ii)    Shared power to vote or to direct vote:

     

None

     

(iii)  Sole power to dispose or direct disposition of:

     

368,802

     

(iv)   Shared power to dispose or to direct disposition of:

     

None

   Dmitry Balyasny
   (a)    Amount Beneficially Owned:
      By virtue of his position as the sole managing member of the general partner of BAM, Mr. Balyasny may be deemed to beneficially own the 368,802 Shares of the Company’s Common Stock beneficially owned by BAM.
   (b)    Percent of Class:
     

2.22%

   (c)    Number of Shares as to which person has:
     

(i)     Sole power to vote or to direct vote:

     

368,802

     

(ii)    Shared power to vote or to direct vote:

     

None

     

(iii)  Sole power to dispose or direct disposition of:

     

368,802

 

Page 32 of 35 Pages


     

(iv)   Shared power to dispose or to direct disposition of:

     

None

 

Item 5       Ownership of Five Percent or Less of a Class:
     

Applicable

 

Item 6       Ownership of More than Five Percent on Behalf of Another Person:
     

Not Applicable

 

Item 7       Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:
     

Not Applicable

 

Item 8       Identification and Classification of Members of the Group:
     

Not Applicable

 

Item 9       Notice of Dissolution of Group:
     

Not Applicable

 

Item 10       Certification:
      By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

Page 33 of 35 Pages


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 14, 2017

 

ATLAS MASTER FUND, LTD.     ATLAS GLOBAL, LLC
By:  

/s/ Scott Schroeder

    By:  

/s/ Scott Schroeder

Scott Schroeder     Scott Schroeder
Authorized Signatory     Authorized Signatory
A TLAS GLOBAL INVESTMENTS, LTD.     ATLAS INSTITUTIONAL FUND, LLC
By:  

/s/ Scott Schroeder

    By:  

/s/ Scott Schroeder

Scott Schroeder     Scott Schroeder
Authorized Signatory     Authorized Signatory
ATLAS INSTITUTIONAL FUND, LTD.     ATLAS GLOBAL JAPAN UNIT TRUST
By:  

/s/ Scott Schroeder

    By:  

/s/ Scott Schroeder

Scott Schroeder     Scott Schroeder
Authorized Signatory     Authorized Representative
ATLAS ENHANCED MASTER FUND, LTD.     ATLAS ENHANCED FUND, L.P.
By:  

/s/ Scott Schroeder

    By:  

/s/ Scott Schroeder

Scott Schroeder     Scott Schroeder
Authorized Signatory     Authorized Signatory

 

Page 34 of 35 Pages


ATLAS ENHANCED FUND, LTD     BAM ZIE MASTER FUND, LTD
By:  

/s/ Scott Schroeder

    By:  

/s/ Scott Schroeder

Scott Schroeder     Scott Schroeder
Authorized Signatory     Authorized Signatory
BAM ZIE FUND, LLC     BAM ZIE FUND, LTD
By:  

/s/ Scott Schroeder

    By:  

/s/ Scott Schroeder

Scott Schroeder     Scott Schroeder
Authorized Signatory     Authorized Signatory
ATLAS FUNDAMENTAL TRADING MASTER FUND LTD.     ATLAS FUNDAMENTAL TRADING FUND, L.P.
By:  

/s/ Scott Schroeder

    By:  

/s/ Scott Schroeder

Scott Schroeder     Scott Schroeder
Authorized Signatory     Authorized Signatory
ATLAS FUNDAMENTAL TRADING FUND, LTD.     BALYASNY ASSET MANAGEMENT L.P.
By:  

/s/ Scott Schroeder

    By:  

/s/ Scott Schroeder

Scott Schroeder     Scott Schroeder
Authorized Signatory     Authorized Signatory
DMITRY BALYASNY      
By:  

/s/ Scott Schroeder

     
Scott Schroeder    
Authorized Representative    

 

Page 35 of 35 Pages