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: Mizrahi Isaac (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-01	Common Stock	A	783750	—	Acquired	2211799	Direct

Footnotes

F1: Represents shares of restricted Common Stock awarded pursuant to a restricted stock award agreement to Mr. Mizrahi which vest as to 522,500 shares on July 1, 2014; 87,400 shares on September 30, 2014; 87,400 shares on September 30, 2015 and 86,450 shares on September 30, 2016, provided that Mr. Mizrahi may extend the vesting date by six-month increments at his sole discretion.