XCel Brands, Inc. — Director's Dealing 2014

Apr 4, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCel Brands, Inc. (XELB)
CIK: 0001083220
Period of Report: 2014-04-01

Reporting Person: LIEBMAN HOWARD M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-04-01	Common Stock	A	10000	—	Acquired	54643	Direct

Footnotes

F1: Represents shares of restricted Common Stock awarded pursuant to a restricted stock award agreement to Mr. Liebman, which vest as to 5,000 shares on each of March 31, 2015 and 2016, provided that Mr. Liebman may extend any vesting date as to all or a portion of the shares subject to vesting in six month increments at his discretion.