SEC Form 4 · accession 0001567619-18-001731
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 21, 2018
Accepted (ET)
Aug 23, 2018 · 4:53 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 | Aug 21, 2018 | S | 10,000 | $15.1293 | D | 376,607 | D | |
| Common Stock | Aug 22, 2018 | S | 100 | $15.20 | D | 376,507 | D | |
| Common StockF2 | Aug 23, 2018 | S | 9,900 | $15.1092 | D | 366,607 | 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 UnitsF3,F4 | — | holding | — | — | — | — | — | Common Stock | 13,389 | 13,389 | D |
| Restricted Stock UnitsF3,F5 | — | holding | — | — | — | — | — | Common Stock | 10,231 | 10,231 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $15.1000 to $15.1901, inclusive. The Reporting Person undertakes to provide Lindblad Expeditions Holdings, Inc. (the "Company"), any security holder of the Company, 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.
- F2The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $15.0701 to $15.15, inclusive. The Reporting Person undertakes to provide the Company, any security holder of the Company, 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 the 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 March 30, 2019, subject to the Reporting Person's continued employment or service with the Company.
- F5The restricted stock units vest in three equal annual installments beginning April 3, 2018, subject to the Reporting Person's continuing employment or service with the Company.