SEC Form 4 · accession 0001140361-17-014671
LINDBLAD EXPEDITIONS HOLDINGS, INC. · LIND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian Rogers
Officer — COO and VP
Period of report
Apr 3, 2017
Accepted (ET)
Apr 4, 2017 · 4:46 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 StockF1 | Apr 3, 2017 | S | 2,519 | $9.00 | D | 423,896 | D | |
| Common StockF1,F2 | Apr 4, 2017 | S$0 | 34,130 | — | D | 389,766 | 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 UnitF3,F4 | — | Apr 3, 2017 | A | 27,902 | A | — | — | Common Stock | 27,902 | 27,902 | D |
Explanation of responses
- F1Represents shares sold pursuant to a Rule 10b5-1 trading plan.
- F2The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $9.00 to $9.05, inclusive. The Reporting Person undertakes to provide Lindblad Expeditions Holdings, Inc., any security holder of Lindblad Expeditions Holdings, Inc., or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- F3Upon vesting, each restricted stock unit represents a contingent right to receive one share of common stock or an equivalent amount of cash.
- F4The 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.