ESCALADE INC — Director's Dealing 2014

May 19, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (esca)
CIK: 0000033488
Period of Report: 2014-05-16

Reporting Person: Williams Edward E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-16	Common Stock	M	7500	$5.85	Acquired	86978	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-16	Common Stock Option	$5.85	M	7500	Disposed	2018-03-01	Common Stock (7500)	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: Shares issued pursuant to the exercise of options under the Escalade, Incorporated 2007 Incentive Plan.

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.