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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-27	Common Stock	M	416	—	Acquired	513437.229	Direct
2018-02-27	Common Stock	M	317	—	Acquired	513754.229	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-27	Restricted Stock Units	$	M	416	Disposed		Common Stock (416)	Direct
2018-02-27	Restricted Stock Units	$	M	317	Disposed		Common Stock (317)	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: 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 February 27, 2014, the reporting person was granted 1,250 RSUs pursuant to the Escalade 2007 Plan. 417 RSUs vested and settled on February 27, 2016 and another 417 RSUs vested and settled on February 27, 2017, all of which has been previously reported. The remaining 416 RSUs vested and settled on February 27, 2018 as reported in this Form 4. Vesting for all 1,250 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.

F4: On February 27, 2015, the reporting person was granted 950 RSUs pursuant to the Escalade 2007 Plan. 316 RSUs vested and settled on February 27, 2017 as previously reported. 317 RSUs vested and settled on February 27, 2018 as reported in this Form 4. The remaining 317 RSUs will vest and settle on February 27, 2019 provided that the reporting person remains employed by Escalade. The vesting of all 950 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.

F5: 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 owned by Mr. Robert E. Griffin, his father, which shares are also included by Mr. Robert E. Griffin in his Section 16 reports.