SEC Form 4 · accession 0001140361-17-041397
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
Nov 3, 2017
Accepted (ET)
Nov 7, 2017 · 4:50 pm EST
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 | Nov 3, 2017 | M | 47,772 | $1.76 | A | 395,064 | D | |
| Common Stock | Nov 3, 2017 | F | 24,602 | $10.63 | D | 370,462 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F3 | $1.76 | Nov 3, 2017 | M | 47,772 | D | — | Dec 31, 2018 | Common Stock | 47,772 | 238,856 | D |
| Restricted Stock UnitsF1,F2 | — | holding | — | — | — | — | — | Common Stock | 15,346 | 15,346 | 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).