SEC Form 4 · accession 0001660412-17-000008
ESCALADE INC · ESCA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Wawrin
Officer — Chief Financial Officer
Period of report
Feb 27, 2017
Accepted (ET)
Feb 27, 2017 · 9:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000033488
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 27, 2017 | M | 667 | — | A | 2,834 | D | |
| Common StockF1 | Feb 27, 2017 | M | 1,025 | — | A | 3,859 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | — | Feb 27, 2017 | M | 667 | D | — | — | Common Stock | 667 | 666 | D |
| Restricted Stock UnitsF1,F2,F4 | — | Feb 27, 2017 | M | 1,025 | D | — | — | Common Stock | 1,025 | 2,050 | D |
Explanation of responses
- F1Restricted Stock Units (RSUs) converted into shares of common stock on a one-for-one basis.
- F2Each 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 at such time unless the reporting person has deferred receipt.
- F3On February 27, 2014, the reporting person was granted 2,000 RSUs which vested one third on February 27, 2016 (as previously reported on Form 4)and one third on February 27, 2017 (as being reported on this Form 4). All RSUs were settled in shares of common stock. The remaining 666 RSUs will vest on February 27, 2018 provided the reporting person remains employed by the Company on such date. The vesting of these RSUs were also subject to the Company's common stock achieving certain market performance tests established by the Compensation Committee of the Company's Board of Directors, which tests were satisfied.
- F4On February 27, 2015, the reporting person was granted 3,075 RSUs which vested one third on February 27, 2017 and were settled in shares of common stock as being reported on this Form 4. The remaining 2,050 RSUs will vest one half on February 27, 2018 and one half on February 27, 2019 provided the reporting person remains employed by the Company as of such dates. The vesting of these RSUs were also subject to the Company's common stock achieving certain market performance tests established by the Compensation Committee of the Company's Board of Directors, which tests were satisfied.