XCel Brands, Inc. — Director's Dealing 2018

Apr 4, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCel Brands, Inc. (XELB)
CIK: 0001083220
Period of Report: 2018-03-31

Reporting Person: Haran James (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-31	Common Stock	F	4500	$3.20	Disposed	412008	Direct
2018-04-02	Common Stock	J	6400	—	Disposed	405808	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 fair market value of the shares surrendered.

F3: 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.