ESCALADE INC — Director's Dealing 2016

Mar 2, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2016-02-26

Reporting Person: Griffin Patrick J (Director, Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-27	Common Stock	M	417	—	Acquired	495303	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-27	Restricted Stock Units	$	M	417	Disposed		Common Stock (417)	Direct
2016-02-26	Restricted Stock Units	$	A	1700	Acquired		Common Stock (1700)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1278465	Indirect

Footnotes

F1: Restricted Stock Units (RSUs) converted into common stock on a one-for-one basis.

F2: Mr. Patrick Griffin disclaims beneficial ownership in shares held by the family limited partnership except to the extent of his pecuniary interest therein. All shares held by the family limited partnership are also deemed to be owned by Mr. Robert Griffin, the father of Mr. Patrick Griffin, which shares have been, and continue to be, included by Mr. Robert Griffin in his Section 16 reports.

F3: On February 27, 2014, the reporting person was granted 1,250 RSUs which vested one third on February 27, 2016, and were settled in shares of common stock as reported in Table I of this Form 4. The remaining 833 RSUs will vest one half on February 27, 2017 and one half on February 27, 2018 provided the reporting person remains employed by the company as of such date. The vesting of these RSUs also were subject to the company's common stock achieving certain market performance tests established by the Compensation Committee of the company's Board of Directors, which tests were satisfied.

F4: Each RSU represents a right to receive one share of ESCA common stock granted pursuant to the Escalade, Incorporated 2007 Incentive Plan.

F5: On February 26, 2016, the reporting person was granted 1,700 RSUs which will vest one third on each of February 26, 2018, February 26, 2019, and February 26, 2020 provided that the reporting person is still employed by the company as of such date and the company's common stock has achieved certain market performance tests. The market performance tests have been established by the Compensation Committee of the company's Board of Directors. Vested shares will be delivered to the reporting person at such time unless the reporting person has deferred receipt.