ESCALADE INC — Director's Dealing 2021

Mar 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2021-03-04

Reporting Person: Wawrin Stephen (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-04	Common Stock	M	3666	—	Acquired	24982	Direct
2021-03-08	Common Stock	M	1366	—	Acquired	26348	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-04	Restricted Stock Units	$	M	3666	Disposed	2023-03-04	Common Stock (3666)	Direct
2021-03-04	Restricted Stock Units	$	A	3095	Acquired	2024-03-04	Common Stock (3095)	Direct
2021-03-08	Restricted Stock Units	$	M	1366	Disposed	2022-03-08	Common Stock (1366)	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 4, 2020, the reporting person was granted 11,000 RSUs, one-third (3,666) of which vested and settled on March 4, 2021 as reported in this Form 4. The remaining RSUs will vest one-third on each of March 4, 2022 and March 4, 2023, provided that the reporting person is still employed by Escalade on the applicable vesting date.

F4: On March 4, 2021, the reporting person was granted 3,095 RSUs. The RSUs will vest one-third on each of March 4, 2022, March 4, 2023, and March 4, 2024, provided that the reporting person is still employed by Escalade on the applicable vesting date.

F5: On March 8, 2018, the reporting person was granted 4,100 RSUs, subject to vesting in one-third increments on each of March 8, 2020, March 8, 2021, and March 8, 2022 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 through March 8, 2021 and the market performance conditions were satisfied as of August 10, 2020. One-third (1,366) of the RSUs previously vested and settled as reported in a Form 4 filed on March 9, 2020 and August 12, 2020. This Form 4 reports the vesting and settlement of an additional 1,366 RSUs on March 8, 2021. The remaining RSUs will vest on March 8, 2022, provided that the reporting person is still employed by Escalade on the applicable vesting date.