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: Wawrin Stephen (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-02	Common Stock	M	2500	—	Acquired	32500	Direct
2023-03-04	Common Stock	M	1032	—	Acquired	33532	Direct
2023-03-04	Common Stock	M	3667	—	Acquired	37199	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-02	Restricted Stock Units	$	M	2500	Disposed	2025-03-02	Common Stock (2500)	Direct
2023-03-04	Restricted Stock Units	$	M	3667	Disposed	2023-03-04	Common Stock (3667)	Direct
2023-03-04	Restricted Stock Units	$	M	1032	Disposed	2024-03-04	Common Stock (1032)	Direct
2023-03-03	Restricted Stock Units	$	A	8331	Acquired	2026-03-03	Common Stock (8331)	Direct

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 Escalade common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan).

F3: On March 2, 2022, the reporting person was granted 7,500 RSUs pursuant to the Escalade 2017 Plan, of which 2,500 RSUs vested and settled on March 2, 2023, as reported on this Form 4. One half of the remaining 5,000 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.

F4: On March 4, 2020, the reporting person was granted 11,000 RSUs pursuant to the Escalade 2017 Plan, of which 7,333 RSUs previously vested and settled, as previously reported. The remaining 3,667 RSUs vested on March 4, 2023 and settled on March 6, 2023, as reported on this Form 4. All RSUs settle in shares of ESCA common stock.

F5: 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 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.

F6: On March 3, 2023, the reporting person was granted 8,331 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.