ESCALADE INC — Director's Dealing 2008

Apr 29, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2008-04-25

Reporting Person: Baalmann Richard Fenton JR (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-25	Restricted Stock Unit	$	A	1250	Acquired		Common STock (1250)	Direct
2008-04-25	Restricted Stock Unit	$	A	872	Acquired		Common Stock (872)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3147	Direct

Holdings (Derivative)

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

Footnotes

F1: 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.

F2: Each restricted stock unit will vest in one annual installment on April 27, 2009. Vested shares will be delivered to the reporting person at such time unless the reporting person elects to defer receipt.

F3: Each restricted stock unit will vest in one annual installment on December 31, 2013. Vested shares will be delivered to the reporting person at such time unless the reporting person elects to defer receipt.

F4: Composed of 1,250 restricted stock units that will vest on April 30, 2008; 1,250 restricted stock units that will vest on April 27, 2009; 2,288 restricted stock units that will vest on December 31, 2012; and 872 restricted stock units that will vest on December 31, 2013.

F5: Outstanding stock options are composed of 2,000 options that vested on April 25, 2007 with an exercise price of $11.26 per share and an expiration date of April 24, 2011; and 1,198 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.