X0306 4 2017-04-03 0 0001512499 LINDBLAD EXPEDITIONS HOLDINGS, INC. LIND 0001683568 FELENSTEIN CRAIG 96 MORTON STREET 9TH FLOOR NEW YORK NY 10014 0 1 0 0 Chief Financial Officer Restricted Common Stock Grant 40000 D Restricted Stock Units 2017-04-03 4 A 0 22321 0 A Common Stock 22321 22321 D Stock Options (Right to Buy) 9.47 Common Stock 200000 200000 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. The options vest annually pro rata over a four-year period. /s/ John J. Wolfel, Attorney-in-Fact for Craig Felenstein 2017-04-04