XCel Brands, Inc. — Director's Dealing 2016

Nov 2, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCel Brands, Inc. (XELB)
CIK: 0001083220
Period of Report: 2016-10-31

Reporting Person: LIEBMAN HOWARD M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-10-31	Stock Option	$5.00	A	50000	Acquired	2021-10-31	Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	54393	Direct

Footnotes

F1: The option vests as to 50% of the shares on each of October 31, 2017 and 2018.