X0306 4 2017-04-03 0 0001512499 LINDBLAD EXPEDITIONS HOLDINGS, INC. LIND 0001659696 Skarda Tyler 96 MORTON STREET NEW YORK NY 10014 0 1 0 0 Sr. VP, Marine Operations Restricted Stock Units 2017-04-03 4 A 0 6975 0 A Common Stock 6975 6975 D Stock Options (right to buy) 11.26 2026-01-04 Common Stock 20000 20000 D Upon vesting, each restricted stock unit represents a contingent right to receive one share of common stock or an equivalent amount of cash. The restricted stock units vest in three 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. Grant to reporting person of options to buy shares of common stock under the Issuer's 2015 Long-Term Incentive Plan. The options vest and become exercisable in three equal annual installments on January 4, 2017, 2018 and 2019. /s/ John J. Wolfel, Attorney-in-Fact for Tyler Skarda 2017-04-04