# EDGAR Filing Document

**Accession Number:** 0000033488
**File Stem:** 0001415889-23-004322
**Filing Date:** 2023-3
**Character Count:** 7926
**Document Hash:** e09a199f38042f1fac4d7c4c09d75be4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001415889-23-004322.hdr.sgml**: 20230306

**ACCESSION NUMBER**: 0001415889-23-004322

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230302

**FILED AS OF DATE**: 20230306

**DATE AS OF CHANGE**: 20230306

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Glazer Walter P. Jr.
- **CENTRAL INDEX KEY:** 0001640328

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-06966
- **FILM NUMBER:** 23709639

**MAIL ADDRESS:**
- **STREET 1:** 817 MAXWELL AVENUE
- **CITY:** EVANSVILLE
- **STATE:** IN
- **ZIP:** 47711
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ESCALADE INC
- **CENTRAL INDEX KEY:** 0000033488
- **STANDARD INDUSTRIAL CLASSIFICATION:** [3949]
- **IRS NUMBER:** 132739290
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 817 MAXWELL AVE.
- **CITY:** EVANSVILLE
- **STATE:** IN
- **ZIP:** 47711
- **BUSINESS PHONE:** 812-467-4449

**MAIL ADDRESS:**
- **STREET 1:** 817 MAXWELL AVE.
- **CITY:** EVANSVILLE
- **STATE:** IN
- **ZIP:** 47711

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MARTIN YALE BUSINESS MACHINES CORP
- **DATE OF NAME CHANGE:** 19820310

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MARTIN YALE INDUSTRIES INC
- **DATE OF NAME CHANGE:** 19720306

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WILLIAMS MANUFACTURING CO
- **DATE OF NAME CHANGE:** 19710504

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Glazer Walter P. Jr.<br><sub>(Last) (First) (Middle)</sub><br>817 MAXWELL AVENUE<br><sub>(Street)</sub><br>EVANSVILLE, IN 47711<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-02 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_CEO & PRESIDENT_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>ESCALADE INC [ ESCA ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-03-02 |  | M |  | 25000 | A | <sup>(1)</sup> | 334013 | D |  |
| Common Stock | 2023-03-03 |  | A |  | 22079 | A | 12.78<sup>(2)</sup> | 356092 | D |  |
| Common Stock | 2023-03-04 |  | M |  | 1667 | A | <sup>(1)</sup> | 357759 | D |  |
| Common Stock |  |  |  |  |  |  |  | 8500 | I | Shares held by spouse |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Units | <sup>(1)(3)</sup> | 2023-03-02 |  | M |  |  | 25000 | <sup>(4)</sup> | 2025-03-02 | Common Stock | 25000 | $0 | 50000 | D |  |
| Restricted Stock Units | <sup>(1)(3)</sup> | 2023-03-04 |  | M |  |  | 1667 | <sup>(5)</sup> | 2023-03-04 | Common Stock | 1667 | $0 | 0 | D |  |
| Restricted Stock Units | <sup>(3)</sup> | 2023-03-03 |  | A |  | 83310 |  | <sup>(6)</sup> | 2026-03-03 | Common Stock | 83310 | $0 | 83310 | D |  |

---

### Footnotes:

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

(2) 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.

(3) Each RSU represents a right to receive one share of Escalade common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan).

(4) 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.

(5) 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.

(6) 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.

**Signature:** /s/ WALTER P. GLAZER, JR.  
**Date:** 2023-03-06

### Remarks:

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.**