Sec Form 4 Filing - Wawrin Stephen @ ESCALADE INC - 2018-02-27

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 Wawrin Stephen 2. Issuer Name and Ticker or Trading Symbol ESCALADE INC [ esca] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Financial Officer (Last) (First) (Middle) 817 MAXWELL AVENUE 3. Date of Earliest Transaction (MM/DD/YY) 02/27/2018 (Street) EVANSVILLE, IN47711 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 02/27/2018 M 666 A 6,700 D Common Stock 02/27/2018 M 1,025 A 7,725 D Common Stock 02/27/2018 M 3,000 ( 3 ) A $ 5.85 10,725 D

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 ) 02/27/2018 M 666 ( 4 ) ( 4 ) Common Stock 666 $ 0 0 D Restricted Stock Units ( 1 ) ( 2 ) 02/27/2018 M 1,025 ( 5 ) ( 5 ) Common Stock 1,025 $ 0 1,025 D Stock Options $ 5.85 02/27/2018 M 3,000 ( 6 ) 03/01/2018 Common Stock 3,000 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Wawrin Stephen 817 MAXWELL AVENUE EVANSVILLE, IN47711 Chief Financial Officer Signatures /s/STEPHEN WAWRIN 02/27/2018 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 pursuant to the Escalade, Incorporated 2007 Incentive Plan ("Escalade 2007 Plan"). ( 3 )Shares issued pursuant to the exercise of stock options granted under the Escalade 2007 Plan. ( 4 )On February 27, 2014, the reporting person was granted 2,000 RSUs pursuant to the Escalade 2007 Plan. 667 RSUs vested and settled on February 27, 2016 and another 667 RSUs vested and settled on February 27, 2017, all of which has been previously reported. The remaining 666 RSUs vested and settled on February 27, 2018 as reported in this Form 4. Vesting for all 2,000 RSUs were subject to ESCA common stock achieving certain market performance tests established by Escalade's Compensation Committee, which tests have been satisfied. All RSUs were settled in shares of ESCA common stock. ( 5 )On February 27, 2015, the reporting person was granted 3,075 RSUs pursuant to the Escalade 2007 Plan. 1,025 RSUs vested and settled on February 27, 2017 as previously reported. 1,025 RSUs vested and settled on February 27, 2018 as reported in this Form 4. The remaining 1,025 RSUs will vest and settle on February 27, 2019 provided that the reporting person remains employed by Escalade. The vesting of all 3,075 RSUs was also subject to ESCA common stock achieving certain market performance tests established by Escalade's Compensation Committee, which tests have been satisfied. All RSUs were settled in shares of ESCA common stock. ( 6 )Stock options initially granted on March 1, 2013 that vested 25% annually on each March 1 with the final increment vesting on March 1, 2017.

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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