SEC Form 4 · accession 0001144204-18-019166
XCel Brands, Inc. · XELB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Francis
Director
Period of report
Apr 2, 2018
Accepted (ET)
Apr 4, 2018 · 12:42 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 | Apr 2, 2018 | A | 8,000 | $0.00 | A | 99,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $3.20 | Apr 2, 2018 | A | 25,000 | A | — | Apr 2, 2023 | 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 50% of the shares on each of April 2, 2019 and 2020, provided that the reporting person may extend the vesting date as to all or a portion of the shares, on one or more occasions, in six month increments, in his sole discretion.
- F2The option vests as to 50% of the shares on each of April 2, 2019 and 2020