ESCALADE INC — Director's Dealing 2020

Mar 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2020-03-06

Reporting Person: Williams Edward E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-06	Common Stock	M	1425	—	Acquired	134469	Direct
2020-03-08	Common Stock	M	1425	—	Acquired	135894	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-06	Restricted Stock Units	$	M	1425	Disposed		Common Stock (1425)	Direct
2020-03-08	Restricted Stock Units	$	M	1425	Disposed		Common Stock (1425)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	366450	Indirect
Common Stock	10999	Indirect
Common Stock	37038	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 2017 Incentive Plan (Escalade 2017 Plan).

F3: On March 6, 2019, the reporting person was granted 2,850 RSUs pursuant to the Escalade 2017 Plan, of which 1,425 RSUs vested and settled on March 6, 2020, as reported in this Form 4. The remaining 1,425 RSUs will vest and settle on March 6, 2021, provided that the reporting person remains a director of Escalade as of such vesting date. All RSUs were settled in shares of ESCA common stock.

F4: Mr. Williams is a general partner of the KPW FLP.

F5: Mr. Williams is a general partner of the PAW FLP.

F6: Mr. Williams owns 33% of the outstanding shares of Good Earth Tools, Inc. and is an executive officer of that entity

F7: On March 8, 2018, the reporting person was granted 2,850 RSUs pursuant to the Escalade 2017 Plan, of which 1,425 RSUs vested and settled on March 8, 2019, as previously reported. The remaining 1,425 RSUs vested and settled on March 8, 2020, as reported in this Form 4. All RSUs were settled in shares of ESCA common stock.