SEC Form 4 · accession 0001144204-16-092674
XCel Brands, Inc. · XELB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Loren Robert W D
Officer — CEO and Chairman · Director · 10% Owner
Period of report
Mar 31, 2016
Accepted (ET)
Apr 4, 2016 · 8:05 pm 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 StockF1 | Mar 31, 2016 | A | 110,528 | $0.00 | D | 1,931,021 | D | |
| Common Stock | Mar 31, 2016 | F | 38,500 | $5.80 | D | 1,892,521 | D | |
| Common StockF3 | holding | — | — | — | 526,283 | I | See note |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF4 | $5.80 | Mar 31, 2016 | A | 884,220 | A | — | Mar 31, 2021 | Common Stock | 884,220 | 884,220 | D |
Explanation of responses
- F1Represents shares of restricted stock awarded pursuant to a restricted stock agreement, which vest as to one-third of the shares on each of March 31, 2017, 2018 and 2019, provided that the reporting person may extend the vesting date as to all or a portion of the shares one or more times, in his discretion.
- F2Represents the surrender of shares to the issuer in payment of tax liability incident to the vesting of restricted stock
- F3Represents shares held by the Irrevocable Trust of Rose Dempsey, of which Mr. D'Loren has sole voting and dispositive power.
- F4The option vests as to one-third of the shares on each of March 31, 2017, 2018 and 2019.