4//SEC Filing
XCel Brands, Inc. 4
Accession 0001144204-15-021431
$XELBCIK 0001083220operating
Filed
Apr 5, 8:00 PM ET
Accepted
Apr 6, 7:50 PM ET
Size
6.7 KB
Accession
0001144204-15-021431
Insider Transaction Report
Form 4
Malka Ben
Director
Transactions
- Award
Common Stock
2015-04-01+10,000→ 35,000 total
Holdings
- 1,000,000(indirect: See footnote)
Common Stock
Footnotes (2)
- [F1]Represents shares of restricted stock awarded pursuant to restricted stock award agreements which vest 50% of the shares on each of March 31, 2016 and March 31, 2017; provided that Mr. Malka 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.
- [F2]The reported Common Stock is held directly by The H Company IP, LLC ("H Company"), a wholly owned subsidiary of House of Halston, LLC ("Halston"). On December 22, 2014, the Issuer issued 1,000,000 shares of Common Stock to H Company as partial consideration for the closing of the acquisition of certain assets from H Company, which shares were valued at $8.00 per share pursuant to the terms of the Asset Purchase Agreement. Mr. Malka is the chief executive officer of Halston and a member of its three person Board of Managers, which is comprised of Mr. Malka and two members designated by Halston's controlling stockholder. To the extent Mr. Malka may deemed to have an indirect pecuniary interest in the reported shares of Common Stock as a result of his investment in Halston, Mr. Malka disclaims beneficial ownership except to the extent of his pecuniary interest therein.
Documents
Issuer
XCel Brands, Inc.
CIK 0001083220
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001083220
Filing Metadata
- Form type
- 4
- Filed
- Apr 5, 8:00 PM ET
- Accepted
- Apr 6, 7:50 PM ET
- Size
- 6.7 KB