Richard F. Baalmann JR - Mar 2, 2022 Form 4 Insider Report for ESCALADE INC (ESCA)

Role: Director
Signature: /s/ RICHARD F. BAALMANN, JR.
Stock symbol: ESCA
Transactions as of: Mar 2, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/4/2022, 04:00 PM
Previous filing: May 18, 2021
Next filing: May 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESCA	Common Stock	Options Exercise		+2.5K	+2.48%		104K	Mar 4, 2022	Direct	F1
transaction	ESCA	Common Stock	Options Exercise		+1.67K	+1.61%		105K	Mar 4, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ESCA	Restricted Stock Units	Award	$0	+5K		$0.00	5K	Mar 2, 2022	Common Stock	5K		Direct	F2, F3
transaction	ESCA	Restricted Stock Units	Options Exercise	$0	-2.5K	-100%	$0.00^*	0	Mar 4, 2022	Common Stock	2.5K		Direct	F1, F2, F4
transaction	ESCA	Restricted Stock Units	Options Exercise	$0	-1.67K	-49.98%	$0.00	1.67K	Mar 4, 2022	Common Stock	1.67K		Direct	F1, F2, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 5,000 RSUs pursuant to the Escalade 2017 Plan, of which one half will vest on March 2, 2023 and one half on March 2, 2024, provided that the reporting person remains a director of Escalade.
F4	On March 4, 2020, the reporting person was granted 5,000 RSUs pursuant to the Escalade 2017 Plan, of which 2,500 RSUs vested and settled on March 4, 2021. The remaining 2,500 RSUs vested and settled on March 4, 2022, 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 3,333 RSUs pursuant to the Escalade 2017 Plan, of which 1,666 RSUs vested and settled on March 4, 2022, as reported in this Form 4. The remaining 1,667 RSUs will vest and settle on March 4, 2023, provided that the reporting person remains a director of Escalade as of such vesting date. All RSUs settle in shares of ESCA common stock.