Walter P. Glazer Jr. - 02 Mar 2023 Form 4 Insider Report for ESCALADE INC (ESCA)

Role: CEO & PRESIDENT, Director
Signature: /s/ WALTER P. GLAZER, JR.
Issuer symbol: ESCA
Transactions as of: 02 Mar 2023
Net transactions value: +$282,170
Form type: 4
Filing time: 06 Mar 2023, 15:54:20 UTC
Previous filing: 03 Jan 2023
Next filing: 02 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESCA	Common Stock	Options Exercise		+25,000	+8.1%		334,013	02 Mar 2023	Direct	F1
transaction	ESCA	Common Stock	Award	$282,170	+22,079	+6.6%	$12.78	356,092	03 Mar 2023	Direct	F2
transaction	ESCA	Common Stock	Options Exercise		+1,667	+0.47%		357,759	04 Mar 2023	Direct	F1
holding	ESCA	Common Stock						8,500	02 Mar 2023	Shares held by spouse

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	Options Exercise	$0	-25,000	-33%	$0.000000	50,000	02 Mar 2023	Common Stock	25,000		Direct	F1, F3, F4
transaction	ESCA	Restricted Stock Units	Options Exercise	$0	-1,667	-100%	$0.000000^*	0	04 Mar 2023	Common Stock	1,667		Direct	F1, F3, F5
transaction	ESCA	Restricted Stock Units	Award	$0	+83,310		$0.000000	83,310	03 Mar 2023	Common Stock	83,310		Direct	F3, F6

* 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	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.