ESCALADE INC — Director's Dealing 2008

Feb 4, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2008-01-28

Reporting Person: Williams Edward E (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-28	Restricted Stock Unit	$	A	857	Acquired	2012-12-31	Common Stock (857)	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: These Restricted Stock Units will vest in one installment on December 31, 2012 and the associated shares will be delivered to the reporting person within 30 days of said date.

F3: Composed of 1,250 Restricted Stock Units that will vest on 04/30/2008 and 2,451 Restricted Stock Units that will vest on 12/31/2012.