XCel Brands, Inc. 4
4 · XCel Brands, Inc. · Filed Aug 12, 2016
Insider Transaction Report
Form 4
Kirschenbaum Richard
Director
Transactions
- Award
Stock Options
2016-08-11+25,000→ 25,000 totalExercise: $5.15Exp: 2021-08-31→ Common Stock (25,000 underlying) - Award
Common Stock
2016-08-11+8,000→ 8,000 total
Footnotes (2)
- [F1]Represents 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.
- [F2]The option vests as to 50% of the shares on each of August 31, 2017 and August 31, 2018.