SEC Form 4 · accession 0001144204-16-092681
XCel Brands, Inc. · XELB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark DiSanto
Director
Period of report
Mar 31, 2016
Accepted (ET)
Apr 4, 2016 · 8:13 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 | 8,000 | $0.00 | A | 71,537 | D | |
| Common StockF2 | holding | — | — | — | 856,548 | I | See footnote | |
| Common StockF3 | holding | — | — | — | 60,000 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF4 | $5.80 | Mar 31, 2016 | A | 25,000 | A | — | Mar 31, 2021 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1Represents shares of restricted stock awarded pursuant to a restricted stock award agreement, which vest as to50% of the shares on each of March 31, 2017 and 2018; provided that the reporting person may extend the vesting dates as to all or a portion of the shares, one or more times, in six-month increments, at his discretion.
- F2Represents shares held by The Mark X. DiSanto Investment Trust, of which Mr. DiSanto is trustee and as to which Mr. DiSanto has sole voting and dispositive power.
- F3Represents shares required by three trusts of which Mr. DiSanto is trustee and as to which Mr. DiSanto has sole voting and dispositive power.
- F4The option vests as to 50% of the shares each of March 31, 2017, 2018 and 2019.