Fetherman David L. 4
4 · ESCALADE INC · Filed Mar 9, 2018
Insider Transaction Report
Form 4
ESCALADE INCESCA
Fetherman David L.
DirectorCEO and President
Transactions
- Award
Restricted Stock Units
2018-03-08+7,000→ 7,000 totalExp: 2022-03-08→ Common Stock (7,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit (RSU) represents a right to receive one share of ESCA common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan. Shares will be delivered to the reporting person upon vesting of the applicable RSUs unless the reporting person has deferred receipt.
- [F2]On March 8, 2018, the reporting person was granted 7,000 RSUs which will vest one-third on each of March 8, 2020, March 8, 2021, and March 8, 2022, provided that the reporting person is still employed by ESCA as of such vesting date and ESCA common stock has achieved certain market performance tests established by the Compensation Committee of the ESCA Board of Directors. If the performance tests have not been met as of an applicable vesting date, then one-half of the RSUs eligible to vest on that date will vest and the remaining one-half will vest if, and only if, the performance tests are met prior to the end of the four year vesting period.