Iconix Brand Group Inc. (ICON): Huber Capital Management Signs An Agreement

Page 6 of 8 – SEC Filing

ITEM 5.

INTEREST IN SECURITIES OF THE ISSUER.

On behalf of its clients, HCM holds 6,423,666 shares of the
Issuer’s Common Stock, equivalent to 11.44% 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, 6,423,666 shares of Common Stock, which represents 11.44% of the outstanding Common Stock of the Issuer.

b.

HCM has sole power to dispose, on behalf of its clients, of 6,423,666 shares of Common Stock. HCM also has sole power to vote, on behalf of its clients, 2,067,889 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)
8/2/2016	72,700	$6.83
8/3/2016	85,732	$6.73

d.

Please see (a) above.

e.

Not applicable.

B.

Mr. Huber

a.

Mr. Huber may be deemed to beneficially own 6,991,079 shares of Common Stock, individually, and on behalf of the clients of HCM, which represents 12.45% 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.

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