LINDBLAD EXPEDITIONS HLDGS I

Ticker: LIND CUSIP: 535219109 Class: COM

GRATIA CAPITAL, LLC's Holding History (CIK: 0001599793)

Note: Option positions (PUT/CALL) are excluded.

Q2 2018

Shares 32,320 Value ($000) $428 Avg Close $11.87 Range $10.19 - $13.54

Q1 2018

Shares 344,460 Value ($000) $3,538 Avg Close $9.61 Range $8.66 - $10.58

Q4 2017

Shares 405,860 Value ($000) $3,973 Avg Close $10.39 Range $9.21 - $11.13

Q3 2017

Shares 483,112 Value ($000) $5,169 Avg Close $10.47 Range $9.55 - $11.26

Q2 2017

Shares 575,973 Value ($000) $6,048 Avg Close $9.47 Range $8.78 - $10.63

Q1 2017

Shares 575,973 Value ($000) $5,161 Avg Close $9.16 Range $8.38 - $9.84

Q4 2016

Shares 612,574 Value ($000) $5,789 Avg Close $9.12 Range $7.75 - $10.08

Q3 2016

Shares 816,212 Value ($000) $7,346 Avg Close $9.41 Range $8.51 - $10.08

Q2 2016

Shares 924,037 Value ($000) $8,898 Avg Close $9.80 Range $8.69 - $10.70

Q1 2016

Shares 936,973 Value ($000) $9,314 Avg Close $10.09 Range $9.24 - $11.40

Q4 2015

Shares 1,798,384 Value ($000) $19,980 Avg Close $10.57 Range $9.32 - $11.33

Q3 2015

Shares 2,020,140 Value ($000) $19,737 Avg Close $9.87 Range $8.70 - $11.03

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2018	32,320	$428	$11.87	$10.19 - $13.54
Q1 2018	344,460	$3,538	$9.61	$8.66 - $10.58
Q4 2017	405,860	$3,973	$10.39	$9.21 - $11.13
Q3 2017	483,112	$5,169	$10.47	$9.55 - $11.26
Q2 2017	575,973	$6,048	$9.47	$8.78 - $10.63
Q1 2017	575,973	$5,161	$9.16	$8.38 - $9.84
Q4 2016	612,574	$5,789	$9.12	$7.75 - $10.08
Q3 2016	816,212	$7,346	$9.41	$8.51 - $10.08
Q2 2016	924,037	$8,898	$9.80	$8.69 - $10.70
Q1 2016	936,973	$9,314	$10.09	$9.24 - $11.40
Q4 2015	1,798,384	$19,980	$10.57	$9.32 - $11.33
Q3 2015	2,020,140	$19,737	$9.87	$8.70 - $11.03