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
                      

1. Name and Address of Reporting Person *

Sincerbeaux Scott J
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
_____ Officer (give title below)    __X__ Other (specify below)
Former CEO & President
(Last)          (First)          (Middle)

817 MAXWELL AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

3/4/2021
(Street)

EVANSVILLE, IN 47711
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 3/4/2021  D  23333 (1)D (1)11667 D  
Common Stock 3/4/2021  M  15223 A (4)26890 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (2)3/4/2021  M   15223     (3) (3)Common Stock 15223 $0 0 D  

Explanation of Responses:
(1) On April 27, 2020, the reporting person was granted 35,000 restricted shares of Escalade under the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan), subject to the reporting person's continued employment with Escalade. On March 4, 2021, pursuant to a separation agreement with Escalade, 11,667 restricted shares vested, and the remaining 23,333 restricted shares were forfeited, as reported in this Form 4.
(2) Each Restricted Stock Unit (RSU) represents a right to receive one share of Escalade common stock pursuant to the Escalade 2017 Plan. Shares will be delivered to the reporting person upon vesting of the applicable RSUs, unless the reporting person defers receipt.
(3) On April 27, 2020, the reporting person was granted 45,669 RSUs under the Escalade 2017 Plan, subject to the reporting person's continued employment with Escalade. On March 4, 2021, pursuant to a separation agreement with Escalade, 15,223 RSUs vested and settled and 30,446 RSUs were forfeited, as reported in this Form 4.
(4) RSUs converted into common stock on a one-for-one basis.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Sincerbeaux Scott J
817 MAXWELL AVENUE
EVANSVILLE, IN 47711



Former CEO & President

Signatures
/s/SCOTT J. SINCERBEAUX3/8/2021
**Signature of Reporting PersonDate

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