Patrick J. Griffin - Mar 2, 2022 Form 4 Insider Report for ESCALADE INC (ESCA)

Role: VICE PRESIDENT, Director, 10%+ Owner
Signature: /s/ PATRICK J. GRIFFIN
Stock symbol: ESCA
Transactions as of: Mar 2, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/4/2022, 05:30 PM
Previous filing: Jan 3, 2022
Next filing: Mar 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESCA	Common Stock	Options Exercise		+1K	+0.19%		527K	Mar 4, 2022	Direct	F1
transaction	ESCA	Common Stock	Options Exercise		+1.03K	+0.2%		528K	Mar 4, 2022	Direct	F1
holding	ESCA	Common Stock						2K	Mar 2, 2022	By adult son	F2
holding	ESCA	Common Stock						1.33M	Mar 2, 2022	By Family Limited Partnership	F3

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	F4, F5
transaction	ESCA	Restricted Stock Units	Options Exercise	$0	-1K	-50%	$0.00	1K	Mar 4, 2022	Common Stock	1K		Direct	F1, F4, F6
transaction	ESCA	Restricted Stock Units	Options Exercise	$0	-1.03K	-33.31%	$0.00	2.06K	Mar 4, 2022	Common Stock	1.03K		Direct	F1, F4, F7

* 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	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 ESCA common stock granted pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan).
F5	On March 2, 2022, the reporting person was granted 5,000 RSUs pursuant to the Escalade 2017 Plan, of which one third will vest on March 2, 2023, one third on March 2, 2024 and one third on March 2, 2025, provided that the reporting person remains an officer or director of Escalade.
F6	On March 4, 2020, the reporting person was granted 3,000 RSUs pursuant to the Escalade 2017 Plan, of which 1,000 RSUs vested and settled on March 4, 2021. An additional 1,000 RSUs vested and settled on March 4, 2022, as reported on this Form 4. The remaining 1,000 RSUs will vest and settle on March 4, 2023, provided that the reporting person remains an officer or director of Escalade as of such vesting date. All RSUs settle in shares of ESCA common stock.
F7	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 reported in this Form 4. One half of the remaining 2,064 RSUs will vest and settle on March 4, 2023 and the other half will vest and settle on March 4, 2024, provided that the reporting person remains an officer or director of Escalade as of such vesting date. All RSUs settle in shares of ESCA common stock.