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

Page 7 of 9 – SEC Filing

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. The reduction in the share ownership of Mr. Huber’s in the Issuer’s Common Stock is attributable to the termination of an advisory relationship since the prior filing on August 12, 2016.

b.

Mr. Huber may be deemed to have sole power to dispose of, individually, and on behalf of HCM’s clients, 6,991,079 shares of Common Stock. Mr. Huber may also be deemed to have sole power to vote, individually, and on behalf of HCM’s clients, 2,635,302 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)
6/29/2016			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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