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: WHITE RICHARD (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-07-25	Restricted Stock Units	$	A	1620	Acquired		Common Stock (1620)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20693	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$4867		Common Stock (4867)	4867	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 one year 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; 2,860 units that are vested and will be settled on December 31, 2008; and 2,710 that are vested and will be steeled on December 31, 2009.

F4: Outstanding stock options are composed of 536 options that vested on May 2, 2006 with an exercise price of $13.88 per share and an expiration date of April 26, 2009; 3,044 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 1,287 options that will vest on April 30, 2008 with an exercise price of $9.35 per share and an expiration date of April 30, 2012.