Statement of Changes in Beneficial Ownership (4)
March 08 2021 - 6:42PM
Edgar (US Regulatory)
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 OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Glazer Walter P. Jr. |
2. Issuer Name and Ticker or Trading Symbol
ESCALADE INC
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ESCA
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Interim CEO |
(Last)
(First)
(Middle)
817 MAXWELL AVENUE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/4/2021 |
(Street)
EVANSVILLE, IN 47711
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 3/4/2021 | | M | | 2500 | A | (1) | 275832 | D | |
Common Stock | 3/6/2021 | | M | | 1425 | A | (1) | 277257 | D | |
Common Stock | | | | | | | | 8500 | I | Shares held by spouse |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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) | 3/4/2021 | | M | | | 2500 | (3) | 3/4/2022 | Common Stock | 2500 | $0 | 2500 | D | |
Restricted Stock Units | (2) | 3/4/2021 | | A | | 3333 | | (4) | 3/4/2023 | Common Stock | 3333 | $0 | 3333 | D | |
Restricted Stock Units | (1)(2) | 3/6/2021 | | M | | | 1425 | (5) | 3/6/2021 | Common Stock | 1425 | $0 | 0 | D | |
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 granted pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan). |
(3) | On March 4, 2020, the reporting person was granted 5,000 RSUs pursuant to the Escalade 2017 Plan, of which 2,500 RSUs vested on March 4, 2021, as reported in this Form 4. The remaining 2,500 RSUs will vest and settle on March 4, 2022, provided that the reporting person remains a director of Escalade as of such vesting date. All RSUs were settled in shares of ESCA common stock. |
(4) | On March 4, 2021, the reporting person was granted 3,333 RSUs pursuant to the Escalade 2017 Plan, of which one-half will vest on March 4, 2022 and one-half on March 4, 2023, provided that the reporting person remains a director of Escalade as of such vesting date. |
(5) | On March 6, 2019, the reporting person was granted 2,850 RSUs pursuant to the Escalade 2017 Plan, of which 1,425 RSUs vested and settled on March 6, 2020. The remaining 1,425 RSUs vested and settled on March 6, 2021, as reported on this Form 4. All RSUs were settled in shares of ESCA common stock. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Glazer Walter P. Jr. 817 MAXWELL AVENUE EVANSVILLE, IN 47711 | X |
| Interim CEO |
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Signatures
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/s/WALTER P. GLAZER, JR. | | 3/8/2021 |
**Signature of Reporting Person | Date |
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