Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Wawrin Stephen
 2. Date of Event Requiring Statement (Month/Day/Year)
12/28/2014		 3. Issuer Name and Ticker or Trading Symbol
ESCALADE INC [ESCA]
(Last)
(First)
(Middle)
817 MAXWELL AVENUE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

EVANSVILLE, IN 47711		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Option to acquire Common Stock   (1) 03/01/2016 Common Stock 1,500 $ 6.07 D  
Option to acquire Common Stock   (2) 03/02/2017 Common Stock 3,500 $ 5.28 D  
Option to acquire Common Stock   (3) 03/01/2018 Common Stock 3,000 $ 5.85 D  
Restricted Stock Unit (4)   (5) 02/27/2018 Common Stock 2,000 $ 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Wawrin Stephen
817 MAXWELL AVENUE
EVANSVILLE, IN 47711		       Chief Financial Officer  

Signatures

/s/Stephen Wawrin 01/02/2015
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) Each stock option has been granted pursuant to the Escalade Incorporated 2007 Incentive Plan and will vest in full on March 1, 2015.
(2) Each stock option has been granted pursuant to the Escalade Incorporated 2007 Incentive Plan and will vest 50% on March 2, 2015 and the remainder on March 2, 2016.
(3) Each stock option has been granted pursuant to the Escalade Incorporated 2007 Incentive Plan and will vest one-third on each of March 1, 2015, 2016 and 2017.
(4) Each Restricted Stock Unit represents a contingent right to receive one share of ESCA common stock pursuant to the Escalade Incorporated 2007 Incentive Plan.
(5) The Restricted Stock Units will vest one-third on each of February 27, 2016, 2017 and 2018, provided that the reporting person is still employed by the company as of such date. Vested shares will be delivered to the reporting person at the time of vesting.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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