SEC Form 4 · accession 0000899243-16-019310
XCel Brands, Inc. · XELB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
May 4, 2016
Accepted (ET)
May 5, 2016 · 5:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001083220
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (right to buy)F1 | $12.00 | May 4, 2016 | J | 100,000 | D | Dec 22, 2014 | Dec 22, 2019 | Common Stock | 100,000 | 650,000 | D |
Explanation of responses
- F1On May 4, 2016, Hilco Trading LLC assigned to Ben Malka Common Stock Purchase Warrants with respect to 100,000 shares of Common Stock of the Issuer in exchange for services.
Remarks
Jeffrey B. Hecktman is the majority owner of Hilco and may direct the disposition of all warrants beneficially owned by Hilco reported herein. Mr. Hecktman hereby disclaims any direct beneficial ownership of the warrants directly held by Hilco, except to the extent of his pecuniary interests therein.