ESCALADE INC — Director's Dealing 2018

Nov 21, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2018-11-19

Reporting Person: Williams Edward E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-19	Common Stock	W	19432	—	Acquired	366450	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14999	Indirect
Common Stock	37038	Indirect
Common Stock	130194	Direct

Footnotes

F1: The acquired shares being reported on this Form 4 are being distributed from the PAW Trust to the KPW FLP in connection with the reporting person's inheritance of shares from the estate of the reporting person's mother. The reporting person previously reported obtaining an indirect beneficial ownership interest in 9,716 shares that were in the PAW Trust and in which the reporting person had a personal pecuniary interest. Those 9,716 shares and the additional 19,432 shares being reported herein have now been distributed to the KPW FLP, thereby increasing the reporting person's indirect beneficial ownership of shares held in the KPW FLP. As a general partner of the KPW FLP, the reporting person reports an indirect beneficial ownership interest in all shares held by the KPW FLP even though he does not have a pecuniary interest in all such shares.

F2: Mr. Williams is a general partner of the KPW FLP.

F3: Mr. Williams is a general partner of the PAW FLP.

F4: Mr. Williams owns 33% of the outstanding shares of Good Earth Tools, Inc. and is an executive officer of that entity.