ESCALADE INC — Director's Dealing 2022

Mar 8, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2022-03-06

Reporting Person: Griffin Patrick J (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-06	Common Stock	M	2100	—	Acquired	530304.2290	Direct
2022-03-08	Common Stock	M	568	—	Acquired	530872.2290	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-06	Restricted Stock Units	$	M	2100	Disposed	2022-03-06	Common Stock (2100)	Direct
2022-03-08	Restricted Stock Units	$	M	568	Disposed	2022-03-08	Common Stock (568)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2000	Indirect
Common Stock	1326736	Indirect

Footnotes

F1: Restricted Stock Units (RSUs) converted into common stock on a one-for-one basis.

F2: Mr. Griffin disclaims beneficial interest in shares held by his adult son, except to the extent of his pecuniary interest therein.

F3: This reporting person disclaims beneficial ownership in shares held by the family limited partnership, except to the extent of his pecuniary interest therein. All shares held by the family limited partnership are also deemed to be beneficially owned by Mr. Robert E. Griffin, his father, which shares are also included by Mr. Robert E. Griffin on his Section 16 reports.

F4: Each RSU represents a right to receive one share of Escalade common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan).

F5: On March 6, 2019, the reporting person was granted 2,100 RSUs pursuant to the Escalade 2017 Plan, which RSUs vested and settled in full on March 6, 2022 as reported on this Form 4 upon the satisfaction of the applicable performance conditions and the reporting person having been continuously employed by Escalade. All RSUs settle in shares of ESCA common stock.

F6: On March 8, 2018, the reporting person was granted 1,700 RSUs pursuant to the Escalade 2017 Plan, of which 568 RSUs vested and settled on March 8, 2022 as reported on this Form 4 upon the satisfaction of the applicable performance conditions and the reporting person having been continuously employed by Escalade. As previously reported, 566 RSUs vested and settled on each of March 8, 2020 and March 8, 2021. All RSUs settle in shares of ESCA common stock.