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: FRANDSEN TERRY (Interim CEO, CFO, VP Finance)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-30	Resticted Stock Units	$	A	12000	Acquired		Common Stock (12000)	Direct

Footnotes

F1: Each restricted stock unit (RSU) represents a contingent right to receive one share of ESCA common stock granted pursuant to the Escalade, Incorporate 2007 Incentive Plan.

F2: If certain operating performance goals relating to the company are met, then the RSUs will vest at the end of a three year period provided that the reporting person is still employed by the company and the company's common stock has achieved certain market performance tests. The operating performance goals and market performance tests have been established by the Compensation Committee of the Board of Directors of the Company. Vested shares will be delivered to the reporting person at such time unless the reporting person has elected to defer receipt.

F3: Represents the target number of shares included in the RSUs. The actual number may increase 50% or decrease 25% based upon actual company performance against the established operating performance goals.