X0306 4 2017-04-03 0 0001512499 LINDBLAD EXPEDITIONS HOLDINGS, INC. LIND 0001639447 Byus Trey 96 MORTON STREET NEW YORK NY 10014 0 1 0 0 Chief Expedition Officer Common Stock 297172 D Restricted Stock Units 2017-04-03 4 A 0 15346 0 A Common Stock 15346 15346 D Stock Options (right to buy) 1.76 2018-12-31 Common Stock 95542 382170 D Upon vesting, each restricted stock unit represents the right to receive one share of common stock or an equivalent amount of cash. The 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. A portion of the remaining options are subject to vesting, based on continued employment, on December 31, 2017 (25% of the original amount). /s/ John J. Wolfel, Attorney-in-Fact for Trey Byus 2017-04-04