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Filing Details

Accession Number:: 0001140361-13-026898
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-07-01 17:15:38
Reporting Period:: 2013-06-27

Filing Date:: 2013-07-01
Accepted Time:: 2013-07-01 17:15:38
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1083220	Xcel Brands Inc.	XELB	Patent Owners & Lessors (6794)	760307819

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1130143	Delta Institutional, Lp	C/O Trafelet &Amp; Company Advisors Llc 590 Madison Avenue, 26Th Floor New York NY 10022	No	No	Yes	No
1176974	Trafelet & Co Llc	590 Madison Avenue 26Th Floor New York NY 10022	No	No	Yes	No
1280506	Trafelet & Co Advisors Llc	590 Madison Avenue 26Th Floor New York NY 10022	No	No	Yes	No
1297619	W Remy Trafelet	C/O Trafelet Capital Management, L.p. 590 Madison Ave, 26Th Floor New York NY 10022	No	No	Yes	No
1387672	Trafelet Capital Management, L.p.	590 Madison Avenue 26Th Floor New York NY 10022	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $0.001 Par Value	Disposition	2013-06-27	167,100	$3.19	1,809,525	No	4	S	Indirect	See Footnotes
Common Stock, $0.001 Par Value	Acquisiton	2013-06-27	167,100	$3.19	1,809,525	No	4	P	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes

Footnotes

This Form 4 is being filed on behalf of: (i) Delta Institutional, LP (the "Fund"); (ii) Trafelet & Company Advisors, LLC ("TCA"); (iii) Trafelet Capital Management, L.P. ("TCM"); (iv) Trafelet & Company, LLC ("TC"); and (v) Remy W. Trafelet ("Mr. Trafelet"), the managing member of TC and TCA. The persons and entities referred to in items (i)-(v) hereof may be collectively referred to herein as the "Reporting Persons". TCM serves as investment manager to the Fund and two other private investment vehicles and, in such capacity, exercises voting and investment control over the shares of Common Stock of the Issuer held for the accounts of the Fund and such other private investment vehicles. TCA serves as the general partner to the Fund and such other private investment vehicles. TC serves as the general partner of TCM. Mr. Trafelet may be deemed to have indirect beneficial ownership of the shares reported herein based on his relationship with TCM and TCA.
The Reporting Persons are filing this Form 4 in connection with a sale of Common Stock of the Issuer by one of the private investment vehicles of which TCA serves as general partner and TCM serves as investment manager, to two other private investment vehicles of which TCA serves as general partner and TCM serves as investment manager, one of which is the Fund, which acquired 153,732 of the total 167,100 shares sold.
As of June 27, 2013, the Fund directly owns 1,663,028 shares of Common Stock and 227,291 warrants. TCM, TC, TCA and Mr. Trafelet may be deemed to beneficially own 1,809,525 shares of Common Stock and 250,000 warrants.
Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.