X0306 4 2019-07-17 0 0001512499 LINDBLAD EXPEDITIONS HOLDINGS, INC. LIND 0001574445 Dryden L. Dyson 96 MORTON STREET NEW YORK NY 10014 1 0 0 0 Common Stock 2019-07-17 4 A 0 513933 A 1568414 D Warrants 11.50 2019-07-17 4 D 0 1334891 D 2015-07-08 2020-07-08 Common Stock 1334891 0 D On June 14, 2019, Lindblad Expeditions Holdings, Inc. (the "Issuer") commenced an offer to each holder of its public and private warrants (collectively, the "Warrants"), exercisable for one share of Common Stock, to receive 0.385 shares of Common Stock in exchange for each Warrant validly tendered by the holder and exchanged pursuant to the offer (the "Exchange Offer"). On July 17, 2019, the Issuer accepted all Warrants validly tendered in the Exchange Offer and issued Common Stock in exchange for such Warrants. Prior to the completion of the Exchange Offer, each Warrant entitled the holder to purchase one share of Common Stock at an exercise price of $11.50, subject to certain adjustments. /s/ L. Dyson Dryden 2019-07-19