ESCALADE INC — Director's Dealing 2011

Jan 4, 2011

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2010-12-25

Reporting Person: Griffin Patrick J (Director, (See Remarks), 10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	74002	Direct
Common Stock	959796	Indirect
Common Stock	1800000	Indirect

Footnotes

F1: Mr. Griffin first became subject to Section 16 reporting on 4/24/09 upon his election to the Escalade Board of Directors. His original Form 3 filing under-reported his direct ownership of Escalade common stock by 42,000 shares. The number of shares reported on this Form 5 reflects his entire direct ownership as of 4/24/09. All subsequent direct transactions have been reported on Form 4s previosuly filed by Mr. Griffin and his total direct holding as of 12/25/10 was 86,702 shares.

F2: Mr. Griffin's original Form 3 filing failed to include his indirect ownership of shares held by a family limited partnership. The number of shares reported on this Form 5 reflects his entire indirect ownership of shares held by that family limited partnership as of 4/24/09. All subsequent transactions by that family limited partnership have been reported on Form 4s previously filed by Mr. Griffin and his total indirect ownership of shares held by the family limited partnership as of 12/25/10 was 971,296 shares.

F3: The shares held by the family limited partnership and the family limited liability company are deemed to be indirectly owned by both Mr. Griffin and his father, Robert E. Griffin. Mr. Robert Griffin has previously reported his indirect ownership of these shares for many years. Both Mr. Patrick Griffin and Mr. Robert Griffin currently intend to continue to separately report their indirect ownership of these shares for Section 16 reporting purposes.

F4: Mr. Griffin's original Form 3 filing failed to include his indirect ownership of shares held by a family limited liability company. The number of shares reported on this Form 5 reflects his entire indirect ownership of shares held by that family limited liability company as of 4/24/09. The family limited liability company has had no transactions subsequent to that date and Mr. Griffin's total indirect ownership of shares held by the family limited liability company as of 12/25/10 remains at 1,800,000 shares.