SEC Form 4 · accession 0000899243-17-022183

XCel Brands, Inc. · XELB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Jeffrey Bruce Hecktman

10% Owner

Period of report

Sep 7, 2017

Accepted (ET)

Sep 18, 2017 · 6:09 am EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001083220

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Sep 7, 2017	P	2,549	$3.05	A	2,549	I	As Trustee
Common Stock	Sep 11, 2017	P	300	$2.95	A	666,967	I	By Hilco Trading
Common Stock	Sep 12, 2017	P	100	$2.90	A	667,067	I	By Hilco Trading
Common Stock	Sep 13, 2017	P	200	$2.95	A	667,267	I	By Hilco Trading
Common Stock	Sep 13, 2017	P	200	$2.90	A	667,467	I	By Hilco Trading
Common Stock	Sep 13, 2017	P	300	$2.85	A	667,767	I	By Hilco Trading
Common Stock^F2,F3,F4	holding	—	—		—	1,000,000	I	By H Company IP, LLC

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1Jeffrey Hecktman is the Trustee of the Jeffrey Hecktman Trust dated 3-28-84.
F2Jeffrey Hecktman is the majority owner of Hilco Trading, LLC ("Hilco Trading") and may direct the disposition of the shares beneficially owned by Hilco Trading. Mr. Hecktman hereby disclaims beneficial ownership of the reported shares directly held by Hilco Trading except to the extent of his pecuniary interest therein.
F3The reported shares of Common Stock are held directly by The H Company IP, LLC ("H Company"). House of Halston, LLC ("Halston") is the parent company of H Company and may be deemed to share beneficial ownership of the reported shares by virtue of its ability to direct the business and investment decisions of H Company. The H Investment Company, LLC ("H Investment") is the controlling member of Halston and has the ability to direct the disposition of the reported shares; therefore, H Investment may be deemed to beneficially own the reported shares.
F4(Continued from Footnote 3) Hilco Brands, LLC ("Hilco Brands"), in its capacity as a member of the Board of Managers of H Investment, has the ability to direct the management of H Investment's business, including the power to direct the disposition of the reported shares; therefore, Hilco Brands may be deemed to share indirect beneficial ownership of the reported shares. Hilco Trading, as the parent company of Hilco Brands, may direct the disposition of the reported shares. Mr. Hecktman hereby disclaims beneficial ownership of the reported shares directly held by H Company, except to the extent of his pecuniary interest therein.