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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (1) (2) | 03/02/2024 | M | 25,000 | (3) | 03/02/2025 | Common Stock | 25,000 | $ 0 | 25,000 | D | ||||
| Restricted Stock Units | (2) | 03/03/2024 | M | 27,770 | (4) | 03/03/2026 | Common Stock | 27,770 | $ 0 | 55,540 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Glazer Walter P. Jr. 817 MAXWELL AVENUE EVANSVILLE, IN 47711 |
X | CEO & PRESIDENT | ||
| /s/ WALTER P. GLAZER, JR. | 03/05/2024 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (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 Escalade common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan). |
| (3) | On March 2, 2022, the reporting person was granted 75,000 RSUs pursuant to the Escalade 2017 Plan, of which 25,000 RSUs vested and settled on March 2, 2023, as previously reported. An additional 25,000 RSUs vested on March 2, 2024 and settled on March 4, 2024, as reported on this Form 4. The remaining 25,000 RSUs will vest on March 2, 2025, provided that the reporting person remains an officer of Escalade. All RSUs settle in shares of ESCA common stock. |
| (4) | On March 3, 2023, the reporting person was granted 83,310 RSUs pursuant to the Escalade 2017 Plan, of which 27,770 RSUs vested on March 3, 2024 and settled on March 4, 2024, as reported on this Form 4. The remaining 55,540 RSUs will vest one half on March 3, 2025 and one half on March 3, 2026, provided that the reporting person remains an officer of Escalade. All RSUs settle in shares of ESCA common stock. |