ESCALADE INC — Director's Dealing 2008

May 1, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: MATTHEWS BLAINE E JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-30	Common Stock	A	1250	$6.9	Acquired	260243	Direct

Derivative Transactions

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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	83000	Indirect
Common Stock	6000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$		Common Stock (5122)	5122	Direct

Footnotes

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

F2: Mr. Blaine Matthews disclaims beneficial interest in shares held by his adult children.

F3: 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.

F4: Restricted stock units that vested on April 30, 2008 were settled by the issuance of common stock on that date.

F5: Composed of 1,250 restricted stock units that will vest on April 27, 2009.

F6: Outstanding stock options are composed of 594 options that vested on May 2, 2006 with an exercise price of $13.88 per share and an expiration date of April 26, 2009; 3,152 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 1,376 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.