SEC Form 4 · accession 0001144204-16-118627
XCel Brands, Inc. · XELB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Kirschenbaum
Director
Period of report
Aug 11, 2016
Accepted (ET)
Aug 12, 2016 · 1:30 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 | Aug 11, 2016 | A | 8,000 | $0.00 | A | 8,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $5.15 | Aug 11, 2016 | A | 25,000 | A | — | Aug 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 vests as to 4,000 shares on each of August 31, 2017 and August 31, 2018. The vesting date to all or a portion of the shares may be extended by Mr. Kirschenbaum in six month increments on one or more occasions in his sole discretion.
- F2The option vests as to 50% of the shares on each of August 31, 2017 and August 31, 2018.