ESCALADE INC — Director's Dealing 2009

May 26, 2009

SEC Form 4/A — Form 4/A

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2009-04-24

Reporting Person: Baalmann Richard Fenton JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-04-27	Common Stock	A	1250	$0.88	Acquired	5647	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-04-24	Non-Qualified Stock Options	$0.89	A	5000	Acquired	2014-04-24	Common Stock (5000)	Direct
2009-04-24	Restricted Stock Units	$	A	7079	Acquired		Common Stock (7079)	Direct
2009-04-27	Restricted Stock Units	$	A	1250	Disposed		Common Stock (1250)	Direct

Footnotes

F1: Shares issued are in settlement of restricted stock units that vested on April 27, 2009.

F2: Options awarded pursuant to the Escalade, Incorporated 2007 Incentive Plan. These options vest and are exercisable one year after grant at $0.89 per share and expire five years from date of grant.

F3: Each restricted stock unit represents a right to receive one share of ESCA common stock granted pursuant to the Escalade, Incorporated 2007 Incentive Plan.

F4: This restricted stock unit grant is in lieu of cash compensation earned for services performed as a Director.

F5: Each restricted stock unit vests on, and will be settled by the issuance of common stock on the deferral date elected by the recipient. The recipient has elected to receive the corresponding shares at the end of the calendar year five years from the date of grant.

F6: Outstanding restricted stock units are composed of 2,288 units that will vest and be settled on December 31, 2012; 16,451 units that will vest and be settled on December 31, 2013; and 16,290 units that will vest and be settled on December 31, 2014.

F7: Restricted stock units that vested on April 27, 2009 were settled by the issuance of common stock on that date.