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: Glazer Walter P. Jr. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-02	Common Stock	M	25000	—	Acquired	334013	Direct
2023-03-03	Common Stock	A	22079	$12.78	Acquired	356092	Direct
2023-03-04	Common Stock	M	1667	—	Acquired	357759	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-02	Restricted Stock Units	$	M	25000	Disposed	2025-03-02	Common Stock (25000)	Direct
2023-03-04	Restricted Stock Units	$	M	1667	Disposed	2023-03-04	Common Stock (1667)	Direct
2023-03-03	Restricted Stock Units	$	A	83310	Acquired	2026-03-03	Common Stock (83310)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8500	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: Each RSU represents a right to receive one share of Escalade common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan).

F4: On March 2, 2022, the reporting person was granted 75,000 RSUs pursuant to the Escalade 2017 Plan, of which 25,000 RSUs vested and settled on March 2, 2023, as reported on this Form 4. The remaining 50,000 RSUs will vest one half on March 2, 2024 and one half on March 2, 2025, provided that the reporting person remains an officer of Escalade. All RSUs settle in shares of ESCA common stock.

F5: On March 4, 2021, the reporting person was granted 3,333 RSUs pursuant to the Escalade 2017 Plan, of which 1,666 RSUs vested and settled on March 4, 2022, as previously reported. The remaining 1,667 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.

F6: On March 3, 2022, the reporting person was granted 83,310 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.