ESCALADE INC — Director's Dealing 2009

Dec 29, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2009-12-28

Reporting Person: WHITE RICHARD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-12-28	Common Stock	A	11911	—	Acquired	44877	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-12-28	Restricted Stock Units	$	A	11911	Acquired		Common Stock (11911)	Direct

Footnotes

F1: Shares issued are in settlement of restricted stock units of which 1,860 vested on December 31, 2008 and 10,051 vested on December 28, 2009.

F2: 1,860 shares of common stock were issued at a price of $0.62 per share and 10,051 shares of common stock were issued at a price of $2.30.

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: 1,860 restricted stock units that vested on December 31, 2008 and 10,051 restricted stock units that vested on December 28, 2009 were all settled by the issuance of common stock on December 28, 2009.

F5: Outstanding restricted stock units are composed of 20,361 units that will vest and be settled at the end of 2010.