Iconix Brand Group Inc. (ICON): Huber Capital Management Raises Its Stake

Page 6 of 9 – SEC Filing

ITEM 5. INTEREST IN
SECURITIES OF THE ISSUER.

On behalf of its clients, HCM holds 6,527,396 shares of the
Issuer’s Common Stock, equivalent to 11.63% of shares outstanding based on 56,126,593 shares issued and outstanding as reported
in the Issuer’s Form 10-Q for the period ended June 30, 2016.

A. HCM

a.

HCM beneficially owns, on behalf of its clients, 6,527,396 shares of Common Stock, which represents 11.63% of the outstanding Common Stock of the Issuer.

b.

HCM has sole power to dispose, on behalf of its clients, of 6,527,396 shares of Common Stock. HCM also has sole power to vote, on behalf of its clients, 2,171,619 shares of Common Stock. The power to vote the remaining shares rests with the HCM client or clients for whom such shares were acquired.

c.

HCM has purchased, on behalf of its clients, the following shares of Common Stock within the past 60 days:

Transaction Date	Shares/Units Purchased (Sold)	Price per Share/Unit (average price)
6/13/2016	27,300	$7.12
6/20/2016	76,239	$7.49
6/21/2016	59,300	$7.26
6/21/2016	5,757	$7.29
6/22/2016	112,428	$7.19
6/23/2016	110,400	$7.18
6/29/2016	1,500	$6.91
7/5/2016	83,000	$6.34
7/7/2016	49,101	$6.45
7/11/2016	96,700	$6.87
7/12/2016	23,200	$7.01
7/12/2016	109,572	$6.94
7/13/2016	39,500	$6.86
7/14/2016	128,600	$6.90
7/15/2016	60,000	$6.86
7/18/2016	28,200	$6.87
7/28/2016	19,953	$7.12
8/2/2016	72,700	$6.83
8/3/2016	85,732	$6.73

d.

Please see (a) above.

e.

Not applicable.

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