Escalade Incorporated

03/08/2021 | Press release | Distributed by Public on 03/08/2021 18:15

Insider Trading Report (SEC Filing - 4)

SEC FORM 4SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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OMB Number: 3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Wawrin Stephen
(Last) (First) (Middle)
817 MAXWELL AVENUE
(Street)
EVANSVILLE IN 47711
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ESCALADE INC [ ESCA] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/04/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/04/2021 M 3,666 A (1) 24,982 D
Common Stock 03/08/2021 M 1,366 A (1) 26,348 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1)(2) 03/04/2021 M 3,666 (3) 03/04/2023 Common Stock 3,666 $0 7,334 D
Restricted Stock Units (2) 03/04/2021 A 3,095 (4) 03/04/2024 Common Stock 3,095 $0 3,095 D
Restricted Stock Units (1)(2) 03/08/2021 M 1,366 (5) 03/08/2022 Common Stock 1,366 $0 1,368 D
Explanation of Responses:
1. Restricted Stock Units (RSUs) converted into common stock on a one-for-one basis.
2. Each restricted stock unit (RSU) represents a right to receive one share of ESCA common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan. Shares will be delivered to the reporting person upon vesting of the applicable RSUs, unless the reporting person defers receipt.
3. On March 4, 2020, the reporting person was granted 11,000 RSUs, one-third (3,666) of which vested and settled on March 4, 2021 as reported in this Form 4. The remaining RSUs will vest one-third on each of March 4, 2022 and March 4, 2023, provided that the reporting person is still employed by Escalade on the applicable vesting date.
4. On March 4, 2021, the reporting person was granted 3,095 RSUs. The RSUs will vest one-third on each of March 4, 2022, March 4, 2023, and March 4, 2024, provided that the reporting person is still employed by Escalade on the applicable vesting date.
5. On March 8, 2018, the reporting person was granted 4,100 RSUs, subject to vesting in one-third increments on each of March 8, 2020, March 8, 2021, and March 8, 2022 if (1) the reporting person remained employed by Escalade on the applicable vesting date and (2) certain market performance conditions established by the Compensation Committee of the Escalade Board of Directors were satisfied. The reporting person has been continuously employed by Escalade through March 8, 2021 and the market performance conditions were satisfied as of August 10, 2020. One-third (1,366) of the RSUs previously vested and settled as reported in a Form 4 filed on March 9, 2020 and August 12, 2020. This Form 4 reports the vesting and settlement of an additional 1,366 RSUs on March 8, 2021. The remaining RSUs will vest on March 8, 2022, provided that the reporting person is still employed by Escalade on the applicable vesting date.
/s/STEPHEN WAWRIN 03/08/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.