Iconix Brand Group Inc. (ICON): Huber Capital Management Slightly Decrease Stake and Announces Certain Proposals

Item 1.

Security and Issuer.

This amended statement on Schedule 13D
relates to the Schedule 13D originally filed on August 12, 2016 regarding the beneficial ownership of Common Stock, $.001 par value
per share (the “Common Stock”) of Iconix Brand Group Inc. (the “Issuer”), whose principal place of business
is located at 1450 Broadway, New York New York 10018.

Item 2.

Identity and Background.

a.

This statement is filed by:

(i)

Huber Capital Management, LLC, a Delaware limited liability company (“HCM”) with respect to the direct voting and dispositive power over the shares of Common Stock held by HCM’s clients, as a result of causing HCM’s clients to acquire such Common Stock pursuant to HCM’s discretionary authority to manage the assets of such clients. Joe Huber is the managing member of HCM.

(ii)

Joseph R. Huber with respect to the direct and indirect voting and dispositive power over shares of Common Stock, in part as a result of his capacity as managing member of HCM.

The foregoing persons are hereinafter collectively
referred to as the “Reporting Persons.”

b.

The Reporting Persons’ business address is 2321 Rosecrans Ave., Suite 3245, El Segundo, CA 90024.

c.

The principal occupation of Mr. Huber is his employment as the Chief Executive Officer, Chief Investment Officer and the managing member of HCM.

d.

During the last five years, the Reporting Persons have not been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).

e.

During the last five years, the Reporting Persons were not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction making the Reporting Persons subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

f.

Mr. Huber is a citizen of the United States.

Item 3.

Source and Amount of Funds or Other Consideration.

HCM caused HCM’s clients to acquire the shares of Common
Stock held in such client’s accounts using client funds. Mr. Huber acquired his shares of Common Stock with personal funds.