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: Fetherman David L. (Director, CEO & President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-26	Common Stock	M	2266	—	Acquired	110295	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-06-26	Restricted Stock Units	$	M	2266	Disposed		Common Stock (2266)	Direct

Footnotes

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

F2: 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")

F3: On February 26, 2016, the reporting person was granted 6,800 RSUs pursuant to the Escalade 2007 Plan, which RSUs were to 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 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.