ESCALADE INC — Director's Dealing 2005

May 4, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (esca)
CIK: 0000033488
Period of Report: 2005-05-03

Reporting Person: WILLIAMS KEITH P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-03	Common Stock	A	1131	$14.21	Acquired	183933	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-03	Non-Qualified Common Stock Option	$13.88	A	565	Acquired	2009-04-29	Common Stock (565)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11487	Indirect

Footnotes

F1: Shares awarded as director compensation in lieu of cash pursuant to the 1977 Directors Stock Compensation and Options Plan.

F2: Options granted pusuant to the 1977 Directors Stock Compensation and Options Plan.

F3: Outstanding Options have expiration dates ranging from 04/28/2006 to 04/26/2009 and exercise prices ranging from $3.80 per share to $13.88 per share.