SEC Form 4 · accession 0001140361-17-030253
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
Aug 2, 2017
Accepted (ET)
Aug 4, 2017 · 4:13 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 | Aug 2, 2017 | M | 95,542 | $1.76 | A | 392,714 | D | |
| Common StockF3 | Aug 2, 2017 | F | 45,422 | $9.76 | D | 347,292 | 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 | Aug 2, 2017 | M | 95,542 | A | — | Dec 31, 2018 | Common Stock | 95,542 | 286,628 | 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.
- F3A portion of the remaining options are subject to vesting, based on continued employment, on December 31, 2017 (25% of the original amount).