SEC Form 4 · accession 0001660412-19-000006
ESCALADE INC · ESCA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick J Griffin
Officer — Vice President · Director · 10% Owner
Period of report
Feb 26, 2019
Accepted (ET)
Feb 28, 2019 · 4:25 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 26, 2019 | M | 567 | — | A | 517,567 | D | |
| Common StockF1 | Feb 27, 2019 | M | 317 | — | A | 517,884 | D | |
| Common StockF5 | holding | — | — | — | 1,278,465 | I | Family Limited Partnership |
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 26, 2019 | M | 567 | D | — | — | Common Stock | 567 | 567 | D |
| Restricted Stock UnitsF1,F2,F4 | — | Feb 27, 2019 | M | 317 | D | — | — | Common Stock | 317 | 0 | 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 Escalade, Incorporated 2007 Incentive Plan ("Escalade 2007 Plan"). All RSUs settle in shares of ESCA common stock.
- F3On February 26, 2016, Mr. Griffin was granted 1,700 RSUs pursuant to the Escalade 2007 Plan. 566 RSUs vested and settled on June 26, 2018, as previously reported. On February 26, 2019, 567 RSUs vested and settled, as reported on this Form 4. The remaining 567 RSUs will vest and settle on February 26, 2020 provided that Mr. Griffin remains employed by Escalade. Vesting for all 1,700 RSUs also was subject to ESCA common stock achieving certain market performance tests established by Escalade's Compensation Committee, which tests have been satisfied.
- F4On February 27, 2015, Mr. Griffin was granted 950 RSUs pursuant to the Escalade 2007 Plan. 316 RSUs vested and settled on February 27, 2017 and another 317 RSUs vested and settled on February 27, 2018, as previously reported. On February 27, 2019, the remaining 317 RSUs vested and settled, as reported on this Form 4. Vesting for all 950 RSUs also was subject to ESCA common stock achieving certain market performance tests established by Escalade's Compensation Committee, which tests have been satisfied.
- F5Mr. Griffin disclaims beneficial ownership in shares held 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 in his Section 16 reports.