Patrick J. Griffin - Mar 2, 2023 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, 2023
Transactions value $
$113,001
Form type
4
Date filed
3/6/2023, 03:58 PM
Previous filing
Dec 27, 2022
Next filing
Dec 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESCA Common Stock Options Exercise +1.67K +0.31% 536K Mar 2, 2023 Direct F1
transaction ESCA Common Stock Award $113K +8.84K +1.65% $12.78 545K Mar 3, 2023 Direct F2
transaction ESCA Common Stock Options Exercise +1.03K +0.19% 546K Mar 4, 2023 Direct F1
transaction ESCA Common Stock Options Exercise +1K +0.18% 547K Mar 4, 2023 Direct F1
holding ESCA Common Stock 2K Mar 2, 2023 By adult son F3
holding ESCA Common Stock 1.33M Mar 2, 2023 By Family Limited Partnership F4

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 -1.67K -33.32% $0.00 3.33K Mar 2, 2022 Common Stock 1.67K Direct F1, F5, F6
transaction ESCA Restricted Stock Units Options Exercise $0 -1K -100% $0.00* 0 Mar 4, 2023 Common Stock 1K Direct F1, F5, F7
transaction ESCA Restricted Stock Units Options Exercise $0 -1.03K -50% $0.00 1.03K Mar 4, 2023 Common Stock 1.03K Direct F1, F5, F8
transaction ESCA Restricted Stock Units Options Exercise $0 +5.55K $0.00 5.55K Mar 3, 2023 Common Stock 5.55K Direct F5, F9
* 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 Mr. Griffin disclaims beneficial interest in shares held by his adult son, except to the extent of his pecuniary interest therein.
F4 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.
F5 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).
F6 On March 2, 2022, the reporting person was granted 5,000 RSUs pursuant to the Escalade 2017 Plan, of which 1,666 RSUs vested and settled on March 2, 2023, as reported on this Form 4. One half of the remaining 3,334 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.
F7 On March 4, 2020, the reporting person was granted 3,000 RSUs pursuant to the Escalade 2017 Plan, of which 2,000 RSUs previously vested and settled, as previously reported. The remaining 1,000 RSUs vested on March 4, 2023 and settled on March 6, 2022, as reported on this Form 4. All RSUs settle in shares of ESCA common stock.
F8 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 RSUs 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.
F9 On March 3, 2023, the reporting person was granted 5,550 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.