ESCALADE INC — Director's Dealing 2017

Feb 28, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (esca)
CIK: 0000033488
Period of Report: 2017-02-27

Reporting Person: Griffin Patrick J (Director, Vice President, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-27	Common Stock	M	417	—	Acquired	509617.229	Direct
2017-02-27	Common Stock	P	316	—	Acquired	509933.229	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-27	Restricted Stock Units	$	M	417	Disposed		Common Stock (417)	Direct
2017-02-27	Restricted Stock Units	$	M	316	Disposed		Common Stock (316)	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. 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 E. Griffin, his father, which shares have been and continue to be also included by Mr. Robert E. Griffin in his Section 16 reports.

F3: Each RSU represents a right to receive one share of ESCA common stock granted pursuant to the Escalade 2007 Incentive Plan. Vested shares will be delivered to the reporting person at such time unless the reporting person has deferred receipt.

F4: On February 27, 2014, the reporting person was granted 1,250 RSUs which vested one third on February 27, 2016 (as previously reported on Form 4) and one third on February 27, 2017 (as being reported on this Form 4). All RSUs were settled in shares of common stock. The remaining 416 RSUs will vest on February 27, 2018 provided the reporting person remains employed by the Company as of such date. The vesting of these RSUs were also 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.

F5: On February 27, 2015, the reporting person was granted 950 RSUs which vested one third on February 27, 2017 and were settled in shares of common stock as being reported on this Form 4. The remaining 634 RSUs will vest one half on February 27, 2018 and one half on February 27, 2019 provided the reporting person remains employed by the Company as of such dates. The vesting of these RSUs were also 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.