ESCALADE INC — Director's Dealing 2007

May 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2007-04-30

Reporting Person: Williams Edward E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-30	Common Stock	A	2575	$9.35	Acquired	15219	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-30	Non-Qualified Stock Options	$9.35	A	1287	Acquired	2012-04-30	Common Stock (1287)	Direct
2007-04-30	Restricted Stock Units	$	A	1250	Acquired		Common Stock (1250)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	37038	Indirect
Common Stock	337302	Indirect

Footnotes

F1: Shares awarded as director compensation in lieu of cash compensation pursuant to the 1997 Directors Stock Compensation and Option Plan and paid under the Escalade, Incorporated 2007 Incentive Plan.

F2: Options awarded pursuant to the 1997 Directors Stock Compensation and Option Plan and paid under the Escalade, Incorporated 2007 Incentive Plan. These options vest and are exercisable one year after grant at $9.35 per share and espire five years from date of grant.

F3: Each restricted stock unit (RSU) represents a contingent right to receive one share of ESCA common stock granted pursuant to the Esscalade, Incorporated 2007 Incentive Plan.

F4: The RSUs will vest in one annual installment on April 30, 2008. Vested shares will be delivered to the reporting person at such time unless the reporting person has deferred receipt.

F5: Mr. Edward Williams owns 33% of the outstanding shares of Good Earth Tools, Inc. and is an executive officer of same.

F6: Mr. Edward Williams is a general partner of KPW Family Limited Partnership.