XCel Brands, Inc. — Director's Dealing 2015

Dec 14, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCel Brands, Inc. (XELB)
CIK: 0001083220
Period of Report: 2015-12-10

Reporting Person: Haran James (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-10	Common Stock	S	336	$7.503	Disposed	539872	Direct
2015-12-14	Common Stock	S	7677	$7.382	Disposed	532195	Direct

Footnotes

F1: Represents the sale of shares of common stock pursuant to a domestic relations order.

F2: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.252 to $7.439. The reporting person undertakes to provide Xcel Brands, Inc., and security holder of Xcel Brands, Inc. or the staff of the Securities and Exchange commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2).