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| 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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
| ( 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.
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.
|* 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).|