Dolf A. Berle - 03 Jun 2021 Form 4 Insider Report for LINDBLAD EXPEDITIONS HOLDINGS, INC. (LIND)

Role: CEO, Director
Signature: /s/ Dolf A Berle by John J. Wolfel, Attorney-in-Fact
Issuer symbol: LIND
Transactions as of: 03 Jun 2021
Net transactions value: $0
Form type: 4
Filing time: 04 Jun 2021, 16:11:24 UTC
Previous filing: 01 Jun 2021
Next filing: 04 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LIND	Restricted Stock Units	Award	$0	+58,452	+100%	$0.000000	116,904	03 Jun 2021	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LIND	Stock Option (right to buy)	Award	$0	+1,000,000		$0.000000	1,000,000	03 Jun 2021	Common Stock	1,000,000	$16.38	Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Securities acquired in connection with the Reporting Person's hiring as Chief Executive Officer by the Company.
F2	Each restricted stock unit represents the right to receive one share of the Company's common stock and will vest in five equal annual installments beginning on June 3, 2022, subject to the Reporting Person's continued employment by the Company on such dates.
F3	Options granted May 10, 2021, subject to Company's stockholder approval of the 2021 Long-Term Incentive Plan, which approval was effective at the 2021 meeting of stockholders held on June 3, 2021.
F4	Grant to reporting person of options to buy shares of common stock under the Issuer's 2021 Long-Term Incentive Plan. The options vest and become exercisable in five equal annual installments on May 10, 2022, 2023, 2024, 2025 and 2026.