ESCALADE INC — Director's Dealing 2020

Aug 13, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2020-08-12

Reporting Person: Wawrin Stephen (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-12	Common Stock	M	2733	—	Acquired	19949	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-12	Restricted Stock Units	$	M	2733	Disposed	2021-03-02	Common Stock (2733)	Direct

Footnotes

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

F2: Each restricted stock unit (RSU) represents a right to receive one share of ESCA common stock pursuant to the Escalade, Incorporated 2007 Incentive Plan. Shares will be delivered to the reporting person upon vesting of the applicable RSUs, unless the reporting person defers receipt.

F3: On March 2, 2017, the reporting person was granted 4,100 RSUs, subject to vesting in one third increments on each of March 2, 2019, March 2, 2020, and March 2, 2021, if (1) the reporting person remained employed by Escalade on the applicable vesting date, and (2) certain market performance conditions established by the Compensation Committee of the Escalade Board of Directors were satisfied. The reporting person has been continuously employed by Escalade and the market performance conditions were satisfied as of August 12, 2020. Therefore, on August 12, 2020, two thirds (2,733) of the RSUs vested and settled as reported in this Form 4. The performance conditions having been satisfied, the remaining 1,367 RSUs will vest on March 2, 2021, provided that the reporting person is still employed by Escalade on that date.