ESCALADE INC — Director's Dealing 2018

Feb 28, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (esca)
CIK: 0000033488
Period of Report: 2018-02-27

Reporting Person: Wawrin Stephen (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-27	Common Stock	M	666	—	Acquired	6700	Direct
2018-02-27	Common Stock	M	1025	—	Acquired	7725	Direct
2018-02-27	Common Stock	M	3000	$5.85	Acquired	10725	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-27	Restricted Stock Units	$	M	666	Disposed		Common Stock (666)	Direct
2018-02-27	Restricted Stock Units	$	M	1025	Disposed		Common Stock (1025)	Direct
2018-02-27	Stock Options	$5.85	M	3000	Disposed	2018-03-01	Common Stock (3000)	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 pursuant to the Escalade, Incorporated 2007 Incentive Plan ("Escalade 2007 Plan").

F3: Shares issued pursuant to the exercise of stock options granted under the Escalade 2007 Plan.

F4: On February 27, 2014, the reporting person was granted 2,000 RSUs pursuant to the Escalade 2007 Plan. 667 RSUs vested and settled on February 27, 2016 and another 667 RSUs vested and settled on February 27, 2017, all of which has been previously reported. The remaining 666 RSUs vested and settled on February 27, 2018 as reported in this Form 4. Vesting for all 2,000 RSUs were subject to ESCA common stock achieving certain market performance tests established by Escalade's Compensation Committee, which tests have been satisfied. All RSUs were settled in shares of ESCA common stock.

F5: On February 27, 2015, the reporting person was granted 3,075 RSUs pursuant to the Escalade 2007 Plan. 1,025 RSUs vested and settled on February 27, 2017 as previously reported. 1,025 RSUs vested and settled on February 27, 2018 as reported in this Form 4. The remaining 1,025 RSUs will vest and settle on February 27, 2019 provided that the reporting person remains employed by Escalade. The vesting of all 3,075 RSUs was also subject to ESCA common stock achieving certain market performance tests established by Escalade's Compensation Committee, which tests have been satisfied. All RSUs were settled in shares of ESCA common stock.

F6: Stock options initially granted on March 1, 2013 that vested 25% annually on each March 1 with the final increment vesting on March 1, 2017.