XCel Brands, Inc. — Director's Dealing 2017

Apr 4, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCel Brands, Inc. (XELB)
CIK: 0001083220
Period of Report: 2017-03-31

Reporting Person: Kirschenbaum Richard (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-31	Common Stock	A	8000	—	Acquired	16000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-31	Stock Options	$2.70	A	25000	Acquired	2022-03-31	Common Stock (25000)	Direct

Footnotes

F1: Represents shares of restricted stock awarded pursuant to a restricted stock award agreement, which vests as to 50% shares on each of March 31, 2018 and 2019. The vesting date to all or a portion of the shares may be extended by Mr. Kirschenbaum on one or more occasions, in six month increments, in his sole discretion.

F2: The option vests as to 50% of the shares on each of March 31, 2018 and 2019.