XCel Brands, Inc. 4
4 · XCel Brands, Inc. · Filed Apr 4, 2017
Insider Transaction Report
Form 4
LIEBMAN HOWARD M
Director
Transactions
- Tax Payment
Common Stock
2017-03-31$2.70/sh−2,750$7,425→ 50,365 total - Award
Common Stock
2017-03-31+8,000→ 53,115 total - Award
Stock Option
2017-03-31+25,000→ 25,000 totalExercise: $2.70Exp: 2022-03-31→ Common Stock (25,000 underlying)
Footnotes (4)
- [F1]Represents shares of restricted stock awarded pursuant to a restricted stock agreement, which vest as to 50% of the shares on each of March 31, 2018 and 2019, provided, that the reporting person may extend the vesting date as to all or a portion of the shares, one or more time, in six month increments, at his discretion.
- [F2]Represents the surrender of shares to the issuer in payment of tax liability incident to the vesting of restricted stock.
- [F3]Represents the fair market value of the shares surrendered.
- [F4]The option vests as to 50% of the shares on each of March 31, 2018 and 2019.