ESCALADE INC — Director's Dealing 2006

Apr 19, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2006-04-18

Reporting Person: REED C W BILL (Director, President & CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-04-18	Common Stock	S	58736	$11.9	Disposed	738980	Direct
2006-04-18	Common Stock	M	82500	$8.472	Acquired	821480	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-04-18	Incentive Stock Option Plan	$8.472	M	82500	Disposed	2007-02-23	Common Stock (82500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7857	Indirect

Footnotes

F1: Shares tendered to Escalade, Inc. in connection with the exercise of Incentive Stock Options.

F2: Exercise option to purchase shares under the 1997 Incentive Stock Option Plan.

F3: Shares owned by Adult Children of Mr. Reed. Mr. Reed disclaims any beneficial interest in these shares.

F4: Options exercised were granted under the 1997 Incentive Stock Option plan as follows:
60,000 options were granted on 02/23/2002 at an exercise price of $9.03
22,500 options were granted on 02/21/2003 at an exercise price of $6.985
All options vest and become exercisable in equal instalments over four years. Options expire five years after date of grant.

F5: Exercise prices range from $6.99 to $19.21 per share.