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"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
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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 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 8, 2018, the reporting person was granted 1,700 RSUs, one sixth (283) of which vested and settled on March 8,2020 as previously reported. As reported in this Form 4, on August 10, 2020, another one sixth (283) of the RSUs vested and settled upon the satisfaction of certain performance conditions established by the Compensation Committee of the Escalade Board of Directors. The performance conditions having been satisfied, the remaining RSUs will vest one third on each of March 8, 2021 and March 8, 2022, provided that the reporting person is still employed by Escalade on the applicable vesting date.
( 4 )Mr. Griffin disclaims beneficial ownership in shares held by his adult son and by the family limited partnership, except to the extent of his pecuniary interest therein. All shares held by the family limited partnership are also deemed to be beneficially owned by Mr. Robert E. Griffin, his father, which shares are also included by Mr. Robert E. Griffin on his Section 16 reports.
|* 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).|