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

Page 7 of 9 – SEC Filing

B. Mr. Huber

a.

Mr. Huber may be deemed to beneficially own 7,094,809 shares of Common Stock, individually, and on behalf of the clients of HCM, which represents 12.64% of the outstanding Common Stock of the Issuer. This beneficial ownership arises out of (i) Mr. Huber’s role as managing member of HCM, (ii) the ownership of 100% of the membership interests of HCM by Huber Capital Holdings, LLC, a Delaware limited liability company (“HCH”), for which Mr. Huber serves as managing member; (iii) the ownership of a controlling interest in the membership interests of HCH by JRH Enterprises, Inc., a Delaware corporation, in which Mr. Huber owns a controlling interest; and (iv) through his direct and indirect power over other shares of Common Stock.

b.

Mr. Huber may be deemed to have sole power to dispose of, individually, and on behalf of HCM’s clients, 7,094,809 shares of Common Stock. Mr. Huber may also be deemed to have sole power to vote, individually, and on behalf of HCM’s clients, 2,739,032 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.

Mr. Huber may be deemed to have caused the purchase, on behalf of the clients of HCM, 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

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