ESCALADE INC — Director's Dealing 2023

Mar 6, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2023-03-02

Reporting Person: Griffin Patrick J (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-02	Common Stock	M	1666	—	Acquired	535796.2290	Direct
2023-03-03	Common Stock	A	8842	$12.78	Acquired	544638.2290	Direct
2023-03-04	Common Stock	M	1032	—	Acquired	545670.2290	Direct
2023-03-04	Common Stock	M	1000	—	Acquired	546670.2290	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-02	Restricted Stock Units	$	M	1666	Disposed	2025-03-02	Common Stock (1666)	Direct
2023-03-04	Restricted Stock Units	$	M	1000	Disposed	2023-03-04	Common Stock (1000)	Direct
2023-03-04	Restricted Stock Units	$	M	1032	Disposed	2024-03-04	Common Stock (1032)	Direct
2023-03-03	Restricted Stock Units	$	M	5550	Acquired	2026-03-03	Common Stock (5550)	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: The grant of ESCA common stock is in lieu of cash payment of the 2022 annual cash incentive bonus payable to the reporting person for services as an officer. The ESCA common stock is awarded pursuant to the Escalade, Incorporated 2017 Incentive Plan.

F3: Mr. Griffin disclaims beneficial interest in shares held by his adult son, except to the extent of his pecuniary interest therein.

F4: 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.

F5: 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).

F6: On March 2, 2022, the reporting person was granted 5,000 RSUs pursuant to the Escalade 2017 Plan, of which 1,666 RSUs vested and settled on March 2, 2023, as reported on this Form 4. One half of the remaining 3,334 RSUs will vest on March 2, 2024 and the other half will vest on March 2, 2025, provided that the reporting person remains an officer of Escalade. All RSUs settle in shares of ESCA common stock.

F7: On March 4, 2020, the reporting person was granted 3,000 RSUs pursuant to the Escalade 2017 Plan, of which 2,000 RSUs previously vested and settled, as previously reported. The remaining 1,000 RSUs vested on March 4, 2023 and settled on March 6, 2022, as reported on this Form 4. All RSUs settle in shares of ESCA common stock.

F8: On March 4, 2021, the reporting person was granted 3,095 RSUs pursuant to the Escalade 2017 Plan, of which 1,031 RSUs vested and settled on March 4, 2022, as previously reported. Of the remaining 2,064 RSUs, 1,032 RSUs vested on March 4, 2023 and settled on March 6, 2023, as reported on this Form 4, and the other half will vest on March 4, 2024, provided that the reporting person remains an officer of Escalade as of such vesting date. All RSUs settle in shares of ESCA common stock.

F9: On March 3, 2023, the reporting person was granted 5,550 RSUs pursuant to the Escalade 2017 Plan, of which one third will vest on March 3, 2024, one third on March 3, 2025 and one third on March 3, 2026, provided that the reporting person remains an officer of Escalade. All RSUs settle in shares of ESCA common stock.