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: Sincerbeaux Scott J (Former CEO & President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-04	Common Stock	D	23333	—	Disposed	11667	Direct
2021-03-04	Common Stock	M	15223	—	Acquired	26890	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-04	Restricted Stock Units	$	M	15223	Acquired		Common Stock (15223)	Direct

Footnotes

F1: On April 27, 2020, the reporting person was granted 35,000 restricted shares of Escalade under the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan), subject to the reporting person's continued employment with Escalade. On March 4, 2021, pursuant to a separation agreement with Escalade, 11,667 restricted shares vested, and the remaining 23,333 restricted shares were forfeited, as reported in this Form 4.

F2: Each Restricted Stock Unit (RSU) represents a right to receive one share of Escalade common stock pursuant to the Escalade 2017 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 Escalade 2017 Plan, subject to the reporting person's continued employment with Escalade. On March 4, 2021, pursuant to a separation agreement with Escalade, 15,223 RSUs vested and settled and 30,446 RSUs were forfeited, as reported in this Form 4.

F4: RSUs converted into common stock on a one-for-one basis.