Sec Form 4/A Filing - Williams Edward E @ ESCALADE INC - 2020-03-06

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4/A
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Williams Edward E
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
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
P.O. BOX 50
3. Date of Earliest Transaction (MM/DD/YY)
03/06/2020
(Street)
CRYSTAL CITY, MO63019
4. If Amendment, Date Original Filed (MM/DD/YY)
03/09/2020
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 03/06/2020 M 1,425 A 134,469 D
Common Stock 03/08/2020 M 1,425 A 135,894 D
Common Stock 414,487 I By KPW Family Limited Partnership ( 4 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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 ) 03/06/2020 M 1,425 ( 3 ) ( 3 ) Common Stock 1,425 $ 0 1,425 D
Restricted Stock Units ( 1 ) ( 2 ) 03/08/2020 M 1,425 ( 5 ) ( 5 ) Common Stock 1,425 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Williams Edward E
P.O. BOX 50
CRYSTAL CITY, MO63019
X
Signatures
/s/EDWARD E. WILLIAMS 03/26/2020
Signature of Reporting Person Date
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 2017 Incentive Plan (Escalade 2017 Plan).
( 3 )On March 6, 2019, the reporting person was granted 2,850 RSUs pursuant to the Escalade 2017 Plan, of which 1,425 RSUs vested and settled on March 6, 2020, as reported in this Form 4. The remaining 1,425 RSUs will vest and settle on March 6, 2021, provided that the reporting person remains a director of Escalade as of such vesting date. All RSUs were settled in shares of ESCA common stock.
( 4 )Mr. Williams is a general partner of the KPW FLP. SEE REMARKS.
( 5 )On March 8, 2018, the reporting person was granted 2,850 RSUs pursuant to the Escalade 2017 Plan, of which 1,425 RSUs vested and settled on March 8, 2019, as previously reported. The remaining 1,425 RSUs vested and settled on March 8, 2020, as reported in this Form 4. All RSUs were settled in shares of ESCA common stock.

Remarks:
This Amendment is being filed solely to reflect that there has been a change in the nature of Mr. Williams' indirect beneficial ownership of shares. The total number of shares indirectly beneficially owned is unchanged at 414,487 shares. The 10,999 shares previously beneficially owned by the PAW Family Limited Partnership and the 37,038 shares previously beneficially owned by Good Earth Tools, Inc. have been consolidated with the 366,450 shares previously reported as beneficially owned by the KPW Family Limited Partnership (KPW FLP) such that all shares are now held by the KPW FLP. The pecuniary interests of Mr. Williams and other family members were equal in all three entities and remain the same in the KPW FLP following the consolidation.

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.