ESCALADE INC — Director's Dealing 2014

Dec 29, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2014-12-26

Reporting Person: Williams Edward E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-26	Common Stock	M	17452	—	Acquired	105830	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-26	Restricted Stock Units	$	M	17452	Disposed	2014-12-26	Common Stock (17452)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14999	Indirect
Common Stock	37039	Indirect
Common Stock	337302	Indirect

Footnotes

F1: Shares issued are in settlement of restricted stock units that vested on 12/26/14. The closing price of a share of ESCA common stock on 12/26/14 was $14.47.

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.

F5: Each restricted stock unit represents a contingent right to receive one share of ESCA common stock granted pursuant to the Escalade, Incorporated 2007 Incentive Plan.

F6: Restricted stock units that vested on 12/26/14 were settled by the issuance of common stock on that date.