SEC Info - Fetherman David L. - ‘4’ for 2/26/20 re: Escalade Inc.

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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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^*

Fetherman David L.

(Last)

(First)

(Middle)

817 MAXWELL AVENUE

(Street)

EVANSVILLE

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
2/26/20

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	2/26/20		M		2,267	A	⁽¹⁾	106,586	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾ ⁽²⁾	2/26/20		M			2,267	⁽³⁾	⁽³⁾	Common Stock	2,267	$0	0	D

Explanation of Responses:

(1) Restricted Stock Units (RSUs) converted into common stock on a one-for-one basis.

(2) Each RSU represents a right to receive one share of ESCA common stock granted pursuant to the Escalade, Incorporated 2007 Incentive Plan ("Escalade 2007 Plan").

(3) On February 26, 2016, Mr. Fetherman was granted 6,800 RSUs pursuant to the Escalade 2007 Plan. As previously reported, 2,266 RSUs vested and settled on June 26, 2018 and another 2,267 RSUs vested and settled on February 26, 2019. The remaining 2,267 RSUs vested and settled on February 26, 2020 as reported in this Form 4. Vesting for all 6,800 RSUs was subject to his continued employment and to ESCA common stock achieving certain market performance tests, which tests have been satisfied. All RSUs were settled in shares of ESCA common stock.

	/s/DAVID L. FETHERMAN	2/27/20
	** 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.

____________ Transaction Code:
M	Exercise or conversion of derivative security exempted pursuant to Rule 16b-3.

Fetherman David L. – ‘4’ for 2/26/20 re: Escalade Inc.

On: Thursday, 2/27/20, at 7:31pm ET · For: 2/26/20 · Accession #: 1179110-20-2509 · File #: 0-06966

Previous ‘4’: ‘4’ on 12/17/19 for 12/13/19 · Next: ‘4’ on 3/9/20 for 3/8/20 · Latest: ‘4’ on 4/27/20 for 4/24/20

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Fetherman David L. – ‘4’ for 2/26/20 re: Escalade Inc.

On: Thursday, 2/27/20, at 7:31pm ET · For: 2/26/20 · Accession #: 1179110-20-2509 · File #: 0-06966

Previous ‘4’: ‘4’ on 12/17/19 for 12/13/19 · Next: ‘4’ on 3/9/20 for 3/8/20 · Latest: ‘4’ on 4/27/20 for 4/24/20

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents