XCel Brands, Inc. — Director's Dealing 2012

Dec 26, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCel Brands, Inc. (XELB)
CIK: 0001083220
Period of Report: 2012-11-21

Reporting Person: Cohen Jeffrey (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-21	Common Stock	P	60000	—	Acquired	260000	Indirect
2012-12-01	Common Stock	F	4346	—	Disposed	456765	Direct

Footnotes

F1: 60,000 shares were acquired by Earthbound LLC, as to which Mr. Cohen has shared voting and dispositive power, as partial payment for amounts owed by the Issuer to Earthbound LLC for certain consulting services performed by Earthbound LLC.

F2: Represents 260,000 shares held by Earthbound LLC.

F3: Represents surrender of shares to the issuer in payment of tax liability incident to the vesting of restricted stock.