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XCel Brands, Inc. Director's Dealing 2012

May 9, 2012

35357_dirs_2012-05-09_82956be0-b815-43c9-8832-3b2091a65588.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCel Brands, Inc. (XELB)
CIK: 0001083220
Period of Report: 2012-05-08

Reporting Person: Gardini Marisa (Director, See Remarks)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-05-08 Common Stock A 100000 $.01 Acquired 512950 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-05-08 Warrants $.01 X 100000 Disposed 2016-09-29 Common stock (100000) Direct