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ESCALADE INC Director's Dealing 2008

May 1, 2008

33800_dirs_2008-05-01_4be61214-d3b4-4f0e-8cc4-807b56708aa5.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2008-04-30

Reporting Person: Williams Edward E (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-04-30 Common Stock A 1250 $6.9 Acquired 16469 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-04-30 Restricted Stock Units $ A 1250 Disposed Common Stock (1250) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 37038 Indirect
Common Stock 337302 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Options $ Common Stock (4903) 4903 Direct

Footnotes

F1: Shares issued are in settlement of restricted stock units that vested on April 30, 2008.

F2: Each restricted stock unit represents a contingent right to receive one share of ESCA common stock granted pursuant to the Escalade, Incorporated 2007 Incentive Plan.

F3: Mr. Edward Williams owns 33% of the outstanding shares of Good Earth Tools, Inc. and is an executive officer of same.

F4: Mr. Edward Williams is a general partner of KPW Family Limited Partnership.

F5: Restricted stock units that vested on April 30, 2008 were settled by the issuance of common stock on that date.

F6: Composed of 1,250 restricted stock units that will vest on April 27, 2009; 2,451 restricted stock units that will vest on December 31, 2012; and 934 restricted stock units that will vest on December 31, 2013.

F7: 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; 3,080 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.