ESCALADE INC — Director's Dealing 2020

Apr 29, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2020-04-27

Reporting Person: Sincerbeaux Scott J (CEO & President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-27	Common Stock	M	35000	—	Acquired	35000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-27	Restricted Stock Units	$	M	45669	Acquired	2023-03-04	Common Stock (45669)	Direct

Footnotes

F1: On April 27, 2020, the reporting person was granted 35,000 restricted shares of Escalade, Incorporated ("Escalade") common stock upon his commencement of employment with Escalade. The restricted shares were granted under the Escalade, Incorporated 2017 Incentive Plan (the "Plan"). Subject to the reporting person's continued employment with Escalade, the restrictions will lapse 40% on April 27, 2021, 30% on April 27, 2022, and 30% on April 27, 2023. .

F2: Each Restricted Stock Unit (RSU) represents a right to receive one share of Escalade common stock pursuant to the Plan. Shares will be delivered to the reporting person upon vesting of the applicable RSUs, unless the reporting person defers receipt.

F3: On April 27, 2020, the reporting person was granted 45,669 RSUs under the Plan, of which 60% will vest upon continued employment in one third increments on each of March 4, 2021, March 4, 2022, and March 4, 2023, and 40% will vest upon continued employment and the satisfaction of certain performance targets in one third increments on those same dates. The performance targets have been established by the Compensation Committee of Escalade's Board of Directors.