Craig Felenstein - 07 Jun 2021 Form 4 Insider Report for LINDBLAD EXPEDITIONS HOLDINGS, INC. (LIND)

Role: Chief Financial Officer
Signature: /s/ John J. Wolfel, Attorney-in-Fact for Craig Felenstein
Issuer symbol: LIND
Transactions as of: 07 Jun 2021
Net transactions value: -$166,347
Form type: 4
Filing time: 09 Jun 2021, 17:11:07 UTC
Next filing: 14 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LIND	Common Stock	Options Exercise	$113,640	+12,000	+6.3%	$9.47	201,003	07 Jun 2021	Direct
transaction	LIND	Common Stock	Tax liability	$166,347	-9,021	-4.5%	$18.44	191,982	07 Jun 2021	Direct

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 Options (Right to Buy)	Options Exercise	$113,640	-12,000	-6%	$9.47	188,000	07 Jun 2021	Common Stock	12,000	$9.47	Direct	F2
holding	LIND	Restricted Stock Units						4,503	07 Jun 2021	Common Stock	4,502		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Upon vesting, each restricted stock unit represents the right to receive one share of common stock or an equivalent amount of cash.
F2	The options vest annually pro rata over a four-year period.
F3	The restricted stock units vest in three annual installments beginning March 29, 2020, subject to the Reporting Person's continued employment or service with the Company or its subsidiaries on the applicable vesting date.