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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-27	Common Stock	M	3000	—	Acquired	105729	Direct
2018-02-27	Common Stock	M	2300	—	Acquired	108029	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-27	Restricted Stock Units	$	M	3000	Disposed		Common Stock (3000)	Direct
2018-02-27	Restricted Stock Units	$	M	2300	Disposed		Common Stock (2300)	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 27, 2014, the reporting person was granted 9,000 RSUs pursuant to the Escalade 2007 Plan. 3,000 RSUs vested and settled on February 27, 2016 and another 3,000 RSUs vested and settled on February 27, 2017, all of which has been previously reported. The remaining 3,000 RSUs vested and settled on February 27, 2018 as reported in this Form 4. Vesting for all 9,000 RSUs were subject to ESCA common stock achieving certain market performance tests established by Escalade's Compensation Committee, which tests were satisfied.RSUs were settled in shares of ESCA common stock.

F4: On February 27, 2015, the reporting person was granted 6,900 RSUs pursuant to the Escalade 2007 Plan. 2,300 RSUs vested and settled on February 27, 2017 as previously reported. On February 27, 2018, another 2,300 RSUs vested and settled as reported in this Form 4. The remaining 2,300 RSUs will vest and settle on February 27, 2019 provided that the reporting person remains employed by Escalade. The vesting of all 6,900 RSUs was also subject to ESCA common stock meeting 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.