XCel Brands, Inc. 4
4 · XCel Brands, Inc. · Filed Apr 4, 2017
Insider Transaction Report
Form 4
Malka Ben
Director
Transactions
- Award
Stock Option
2017-03-31+25,000→ 25,000 totalExercise: $2.70Exp: 2022-03-31→ Common Stock (25,000 underlying) - Award
Common Stock
2017-03-31+8,000→ 51,000 total
Holdings
- 1,000,000(indirect: See footnote)
Common Stock
Footnotes (3)
- [F1]Represents shares of restricted stock awarded pursuant to restricted stock award agreements which vest 50% of the shares on each of March 31, 2018 and March 31, 2019; provided that the reporting person 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"). 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.
- [F3]The option vests as to 50% of the shares on each of March 31, 2018 and 2019.