SEC Form 4 · accession 0001660412-18-000006
ESCALADE INC · ESCA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L. Fetherman
Officer — CEO and President · Director
Period of report
Feb 27, 2018
Accepted (ET)
Feb 27, 2018 · 7:21 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, 2018 | M | 3,000 | — | A | 105,729 | D | |
| Common StockF1 | Feb 27, 2018 | M | 2,300 | — | A | 108,029 | 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, 2018 | M | 3,000 | D | — | — | Common Stock | 3,000 | 0 | D |
| Restricted Stock UnitsF1,F2,F4 | — | Feb 27, 2018 | M | 2,300 | D | — | — | Common Stock | 2,300 | 2,300 | D |
Explanation of responses
- F1Restricted Stock Units (RSUs) converted into 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 2007 Escalade, Incorporated Incentive Plan ("Escalade 2007 Plan").
- F3On February 27, 2014, the reporting person was granted 9,000 RSUs pursuant to the Escalade 2007 Plan. 3,000 RSUs vested and settled on February 27, 2016 and another 3,000 RSUs vested and settled on February 27, 2017, all of which has been previously reported. The remaining 3,000 RSUs vested and settled on February 27, 2018 as reported in this Form 4. Vesting for all 9,000 RSUs were subject to ESCA common stock achieving certain market performance tests established by Escalade's Compensation Committee, which tests were satisfied.RSUs were settled in shares of ESCA common stock.
- F4On February 27, 2015, the reporting person was granted 6,900 RSUs pursuant to the Escalade 2007 Plan. 2,300 RSUs vested and settled on February 27, 2017 as previously reported. On February 27, 2018, another 2,300 RSUs vested and settled as reported in this Form 4. The remaining 2,300 RSUs will vest and settle on February 27, 2019 provided that the reporting person remains employed by Escalade. The vesting of all 6,900 RSUs was also subject to ESCA common stock meeting 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.