SEC Form 4 · accession 0001140361-17-014667
LINDBLAD EXPEDITIONS HOLDINGS, INC. · LIND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Trey Byus
Officer — Chief Expedition Officer
Period of report
Apr 3, 2017
Accepted (ET)
Apr 4, 2017 · 4:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001512499
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 297,172 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Apr 3, 2017 | A | 15,346 | A | — | — | Common Stock | 15,346 | 15,346 | D |
| Stock Options (right to buy)F3 | $1.76 | holding | — | — | — | — | Dec 31, 2018 | Common Stock | 95,542 | 382,170 | D |
Explanation of responses
- F1Upon vesting, each restricted stock unit represents the right to receive one share of common stock or an equivalent amount of cash.
- F2The restricted stock units vest in three equal annual installments beginning April 3, 2018, subject to the Reporting Person's continued employment or service with the Company or its subsidiaries on the applicable vesting date.
- F3A portion of the remaining options are subject to vesting, based on continued employment, on December 31, 2017 (25% of the original amount).