ESCALADE INC — Director's Dealing 2020

Apr 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2020-04-24

Reporting Person: Fetherman David L. (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-24	Common Stock	M	5832	—	Acquired	113584	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-24	Restricted Stock Units	$	M	1166	Disposed	2022-03-08	Common Stock (1166)	Direct
2020-04-24	Restricted Stock Units	$	M	4666	Disposed	2021-03-02	Common Stock (4666)	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 2017 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 8, 2018, the reporting person was granted 7,000 RSUs, one sixth (1,166) of which vested and settled on April 24,2020 as reported in this Form 4 upon the reporting person's retirement, and 1,166 of which vested and settled on March 8, 2020 as previously reported. The remaining 4,668 RSUs will vest 2,334 on March 8, 2021, and 2,334 on March 8, 2022, provided that the reporting person is still an Escalade employee or consultant on the applicable vesting date.

F4: On March 2, 2017, the reporting person was granted 7,000 RSUs, two thirds (4,666) of which vested and settled on April 24,2020 as reported in this Form 4 upon the reporting person's retirement. The remaining 2,334 RSUs will vest on March 2, 2021, provided that the reporting person is still an Escalade employee or consultant on the applicable vesting date.