XCel Brands, Inc. — Director's Dealing 2016

Oct 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCel Brands, Inc. (XELB)
CIK: 0001083220
Period of Report: 2016-09-30

Reporting Person: Haran James (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-30	Common Stock	F	25200	$4.99	Disposed	512919	Direct
2016-09-30	Common Stock	J	4250	—	Disposed	508669	Direct

Footnotes

F1: Represents the surrender of shares to the issuer in payment of tax liability incident to the vesting of restricted stock

F2: Represents the transfer of shares of common stock to the reporting person's wife pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his wife.