XCel Brands, Inc. — Director's Dealing 2014

Jul 9, 2014

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: XCel Brands, Inc. (XELB)
CIK: 0001083220
Period of Report: 2014-06-18

Reporting Person: BUCKINGHAM CAPITAL MANAGEMENT INC (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.001 par value	1176581	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Warrants	$5	2023-06-04	Common Stock (162554)		Indirect

Footnotes

F1: This statement is being filed by Buckingham Capital Management, Inc. and Buckingham Research Group Incorporated. Buckingham Capital Management, Inc. is a registered investment adviser which acts as the general partner and investment manager for various private investment funds and which also manages other accounts on a discretionary basis. Buckingham Research Group Incorporated, a registered broker-dealer, is the parent company of Buckingham Capital Management, Inc. and thus may be deemed to be the beneficial owner of the securities reported herein.

Each of Buckingham Capital Management, Inc. and Buckingham Research Group Incorporated disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein, if any.