ESCALADE INC — Director's Dealing 2012

Mar 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2012-03-02

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-02	Stock Options	$5.28	A	40000	Acquired	2017-03-02	Common Stock (40000)	Direct

Footnotes

F1: On March 2, 2012, Escalade's Board of Directors made its annual determination of awards to be made to Escalade's directors, officers and employees under Escalade's 2007 Incentive Plan. Because the number of shares currently available for awards under the 2007 Plan is not sufficient to cover all such grants of stock options, the stock options reported on this Form 4 are conditioned upon Escalade's stockholders approving an amendment to the 2007 Plan to increase the number of shares available for awards thereunder.

F2: Twenty-five percent of these stock options vest annually beginning on March 2, 2013 with the final increment vesting on March 2, 2016. Once vested, the options are exercisable at $5.28 per share.