X0306 4 2014-11-20 0 0000058592 4Licensing Corp FOUR 0001492831 Massad Wade C/O 4LICENSING CORPORATION 767 THIRD AVENUE, 17TH FLOOR NEW YORK NY 10017 1 0 0 0 Common Stock 2014-11-20 4 J 0 120000 0 D 497100 I See Footnote These shares were previously reported as beneficially owned by the Reporting Person in his capacity as a managing director of Cleveland Capital Management L.L.C. ("Cleveland Capital"). Prior to November 20, 2014, Cleveland Capital managed discretionary accounts on behalf of one of its clients that included these shares. On November 20, 2014, Cleveland Capital ceased managing such accounts and therefore ceased to have any voting or dispositive power over such shares. Represents shares held and or managed by Cleveland Capital. The Reporting Person is a managing director in Cleveland Capital and may have a pecuniary interest in the shares. The Reporting Person disclaims beneficial ownership of any shares of common stock in which he does not have a pecuniary interest. /s/ Wade I. Massad 2015-04-16