ESCALADE INC — Director's Dealing 2006

Feb 22, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2006-02-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-20	Common Stock	M	60000	$3.6	Acquired	815449	Direct
2006-02-20	Common Stock	S	17733	$12.18	Disposed	797716	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-20	Incentive Stock Option Plan	$3.6	M	60000	Disposed	2006-02-26	Common Stock (60000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7857	Indirect

Footnotes

F1: Exercise option to purchase shares under the 1997 Incentive Stock Option Plan.

F2: Shares tendered to Escalade, Inc. in connection with the exercise of Incentive Stock Options.

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

F4: Exercise price range from $6.99 to $19.21 per share.