SEC Form 4 · accession 0001144204-19-011662
XCel Brands, Inc. · XELB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Seth Burroughs
Officer — EVP of BD Treasurer Secretary
Period of report
Feb 28, 2019
Accepted (ET)
Mar 1, 2019 · 4:52 pm EST
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 | holding | — | — | — | 319,126 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1 | $1.70 | Feb 28, 2019 | A | 368,421 | A | — | Feb 28, 2029 | Common stock | 368,421 | 368,421 | D |
Explanation of responses
- F1The option vests as the Registrant's common stock achieves the following price targets (price/shares): (i) $3.00/105,263 shares; (ii) $5.00/89,474 shares; (iii) $7.00/73,684 shares; (iv) $9.00/57,895 shares; and (v) $11.00/42,105 shares.