ESCALADE INC — Director's Dealing 2011

Nov 29, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2011-11-16

Reporting Person: Williams Edward E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-16	Common Stock	S	2999	$5.2816	Disposed	12000	Indirect
2011-11-18	Common Stock	P	2999	$5.3221	Acquired	14999	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	37829	Direct
Common Stock	37038	Indirect
Common Stock	337302	Indirect

Footnotes

F1: The transactions reported on this Form 4 occurred without Mr. Edward Williams knowledge or direction. When the other partners of this limited partnership realized that the sale transaction should not have been made without being first cleared by Mr. Williams in accordance with Escalade Incs policies and procedures, the other partners directed the limited partnership to void the sale by purchasing the exact number of shares that had been sold. The offsetting transactions resulted in a net loss to the limited partnership. Accordingly, there are no short swing profits subject to potential disgorgement pursuant to Section 16(b) of the Securities Exchange Act of 1934.

F2: Mr. Edward Williams is a general partner of PAW Family Partnership LP.

F3: Mr. Edward Williams owns 33% of the outstanding shares of Good Earth Tools, Inc. and is an executive officer of the same.

F4: Mr. Edward Williams is a general partner of KPW Family Limited Partnership.