XCel Brands, Inc. — Director's Dealing 2019

Mar 1, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCel Brands, Inc. (XELB)
CIK: 0001083220
Period of Report: 2019-02-28

Reporting Person: Haran James (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-28	Stock Options	$1.70	A	552632	Acquired	2029-02-28	Common Stock (552632)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	342293	Direct

Footnotes

F1: The option vests as the Registrant's common stock achieves the following price targets (price/shares): (i) $3.00/157,895 shares; (ii) $5.00/134,211 shares; (iii) $7.00/110,526 shares; (iv) $9.00/86,842 shares; and (v) $11.00/63,158 shares.