XCel Brands, Inc. — Director's Dealing 2014

Jan 7, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Gardini Marisa (Director, Vice President of Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-01	Common Stock	A	41250	—	Acquired	616994	Direct

Footnotes

F1: Represents shares of restricted stock awarded pursuant to a restricted stock award agreement, which vests as to 27,500 shares on July 1, 2014; 4,600 shares on September 30, 2014; 4,600 shares on September 30, 2015 and 4,550 shares on September 30, 2016, provided that Ms. Gardini may extend the vesting date as to all or a portion of the shares, one or more times, in six-month increments, in her discretion.