ESCALADE INC — Director's Dealing 2009

Mar 18, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2008-02-28

Reporting Person: Keller Robert J (Director, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-28	Restricted Stock Units	$	A	25000	Acquired		Common Stock (25000)	Direct

Footnotes

F1: Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of ESCA common stock granted pursuant to the Escalade, Incorporated 2007 Incentive Plan.

F2: The RSUs will vest at the end of a three year period provided that the reporting person is still employed by the company and the company's common stock has acheived certain market performance tests. The market performance tests have been established by the Compensation Committee of the Board of Directors of the company. Vested shares will be delivered to the reporting person at such time unless the reporting person has elected to defer receipt. Twenty-five (25%) of the RSU's were forfeited subsequent to the February 28, 2008 grant date due to the failure of the company's common stock to meet market performance tests.