XCel Brands, Inc. 4
4 · XCel Brands, Inc. · Filed Apr 4, 2016
Insider Transaction Report
Form 4
FRANCIS MICHAEL
Director
Transactions
- Award
Common Stock
2016-03-31+8,000→ 83,000 total - Award
Stock Option
2016-03-31+25,000→ 25,000 totalExercise: $5.80Exp: 2021-03-31→ Common Stock (25,000 underlying)
Footnotes (2)
- [F1]Represents shares of restricted stock awarded pursuant to a restricted stock award agreement, which vests as to 50% of the shares on each of March 31, 2017 and 2018, 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.
- [F2]The option vests as to 50% of the shares on each of March 31, 2017 and 2018