ESCALADE INC — Director's Dealing 2018

Jun 28, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2018-06-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-26	Common Stock	M	566	—	Acquired	514320.229	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-06-26	Restricted Stock Units	$	M	566	Disposed		Common Stock (566)	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 beneficially owned by Mr. Robert E. Griffin, his father, which shares are also included by Mr. Robert Griffin in his Section 16 reports.

F3: Each RSU represents a right to receive one share of ESCA common stock granted pursuant to the 2007 Escalade, Incorporated Incentive Plan("Escalade 2007 Plan").

F4: On February 26, 2016, the reporting person was granted 1,700 RSUs pursuant to the Escalade 2007 Plan, which RSUs were to vest 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 ESCA common stock has achieved certain performance tests which were established by the Company's Compensation Committee of its Board of Directors. The market performance tests were satisfied as of June 26, 2018, thereby resulting in the vesting of the first one third of the RSUs as of that date. The vested RSUs were settled in shares of ESCA common stock.