ESCALADE INC — Director's Dealing 2008

Jul 28, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2008-07-25

Reporting Person: Baalmann Richard Fenton JR (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-07-25	Restricted Stock Units	$	A	1296	Acquired		Common Stock (1296)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4397	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$3198		Common Stock (3198)	3198	Direct

Footnotes

F1: Each restricted stock unit represents a right to receive one share of ESCA common stock granted pursuant to the Escalade, Incorporated 2007 Incentive Plan. This restricted stock unit grant is in lieu of cash compensation earned for services performed as a Director.

F2: Each restricted stock unit is vested upon grant and will be settled by the issuance of common stock on the deferral date elected by the recipient. The recipient has elected to receive the corresponding shares at the end of the calendar year five years from the date of grant.

F3: Outstanding restricted stock units are composed of 1,250 units that will vest and be settled on April 27, 2009; 2,288 units that are vested and will be settled on December 31, 2012; and 2,168 that are vested and will be settled on December 31, 2013.

F4: Outstanding stock options are composed of 2,000 options that vested on April 24, 2007 with an exercise price of $11.26 per share and an expiration date of April 24, 2011; and 1,198 options that vested on April 30, 2008 with an exercise price of $9.35 per share and an expiration date of April 30, 2012.