ESCALADE INC — Director's Dealing 2018

Mar 3, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (esca)
CIK: 0000033488
Period of Report: 2018-03-02

Reporting Person: Williams Edward E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-02	Common Stock	M	1425	—	Acquired	126082	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-02	Restricted Stock Units	$	M	1425	Disposed		Common Stock (1425)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14999	Indirect
Common Stock	37038	Indirect
Common Stock	337302	Indirect

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 Escalade, Incorporated 2007 Incentive Plan (Escalade 2007 Plan).

F3: On March 2, 2017, the reporting person was granted 2,850 RSUs pursuant to the Escalade 2007 Plan, of which one half (1,425 RSUs) vested and settled on March 2, 2018 as reported in this Form 4. The remaining 1,425 RSUs will vest on March 2, 2019 provided the reporting person remains a director through that date. All RSUs were settled in shares of ESCA common stock.

F4: Mr. Williams is a general partner of PAW Family Limited Partnership, L.P.

F5: Mr. Williams owns 33% of the outstanding shares of Good Earth Tools, Inc. and is an executive officer of same.

F6: Mr. Williams is a general partner of KPW Family Limited Partnership.