Sec Form 4 Filing - Williams Edward E @ ESCALADE INC - 2017-02-26

FORM 4 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

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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) PO BOX 50 3. Date of Earliest Transaction (MM/DD/YY) 02/26/2017 (Street) CRYSTAL CITY, MO63019 4. If Amendment, Date Original Filed (MM/DD/YY) 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 02/26/2017 M 1,325 A 117,415 D Common Stock 02/27/2017 M 1,000 A 118,415 D Common Stock 14,999 ( 2 ) I PAW Family Limited Partnership, L.P. Common Stock 37,039 ( 3 ) I Good Earth Tools, Inc. Common Stock 337,302 ( 4 ) I KPW Family Limited Partnership

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 ) ( 5 ) 02/26/2017 M 1,325 ( 6 ) ( 6 ) Common Stock 1,325 $ 0 1,325 D Restricted Stock Units ( 1 ) ( 5 ) 02/27/2017 M 1,000 ( 7 ) ( 7 ) Common Stock 1,000 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Williams Edward E PO BOX 50 CRYSTAL CITY, MO63019 X Signatures /s/EDWARD E. WILLIAMS 02/27/2017 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Restricted Stock Units (RSUs converted into common stock on a one-for-one basis. ( 2 )Mr. Williams is a general partner of PAW Family Limited Partnership L.P. ( 3 )Mr. Williams owns 33% of the outstanding shares of Good Earth Tools, Inc. and is an executive officer of same. ( 4 )Mr. Williams is a general partner of KPW Family Limited Partnership. ( 5 )Each RSU represents a right to receive one share of ESCA common stock granted pursuant to the Escalade, Incorporated 2007 Incentive Plan. Vested shares will be delivered to the reporting person as such time unless the reporting person has deferred receipt. ( 6 )On February 26, 2016, the reporting person was granted 2,650 RSUs which vested one half on February 26, 2017 and were settled in shares of common stock as being reported on this Form 4. The remaining 1,325 RSUs will vest on February 26, 2018 provided the reporting person remains a director through that date. ( 7 )On February 27, 2015, the reporting person was granted 2,000 RSUs which vested one half on February 27, 2016 (as previously reported on Form 4) and one half on February 27, 2017 (as being reported on this Form 4). All RSUs were settled in shares of common stock.

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).

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