Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
STEHR DEBORAH SORELL
   2. Issuer Name and Ticker or Trading Symbol
ICONIX BRAND GROUP, INC. [ICON] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP and Secretary
(Last)
(First)
(Middle)
C/O ICONIX BRAND GROUP, INC., 1450 BROADWAY, 4TH FLOOR		 3. Date of Earliest Transaction (Month/Day/Year)
03/30/2007
(Street)

NEW YORK, NY 10018		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/30/2007   M   30,000 A $ 3.5 39,230 D  
Common Stock 03/30/2007   M   35,000 A $ 2.66 74,230 D  
Common Stock 03/30/2007   M   10,998 A $ 4.82 85,228 D  
Common Stock 03/30/2007   S   20,885 D $ 20.4 64,343 D  
Common Stock 03/30/2007   S   1,100 D $ 20.41 63,243 D  
Common Stock 03/30/2007   S   1,100 D $ 20.42 62,143 D  
Common Stock 03/30/2007   S   800 D $ 20.43 61,343 D  
Common Stock 03/30/2007   S   500 D $ 20.44 60,843 D  
Common Stock 03/30/2007   S   1,144 D $ 20.45 59,699 D  
Common Stock 03/30/2007   S   30,469 D $ 20.5 29,230 D  
Common Stock 03/30/2007   S   20,000 D $ 20.6822 (1) 9,230 D  
Common Stock               9,985 I By 401(k) Plan

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 3.5 03/30/2007   M     30,000   (2) 12/07/2008 Common Stock 30,000 $ 0 0 D  
Employee Stock Option (right to buy) $ 2.66 03/30/2007   M     35,000   (3) 08/20/2014 Common Stock 35,000 $ 0 0 D  
Employee Stock Option (right to buy) $ 4.82 03/30/2007   M     10,998 05/24/2005 05/24/2014 Common Stock 10,998 $ 0 39,002 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
STEHR DEBORAH SORELL
C/O ICONIX BRAND GROUP, INC.
1450 BROADWAY, 4TH FLOOR
NEW YORK, NY 10018		       SVP and Secretary  

Signatures

 /s/ Deborah Sorell Stehr   04/03/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents average reported price. Of the 20,000 shares reported 1, 289 were sold at $20.80; 300 at $20.79, 200 at $20.78: 100 at $20.77; 500 at $20.76; 10,851 at 20.75 and the remaining 6,760 shares were sold at prices ranging from $2.50 to $2.59 per share.
(2) The option reported originally provided for the purchase of 30,000 shares and vested as to 10,000 shares on each of December 8 1999, 2000 and 2001.
(3) The option reported originally provided for the purchase of 40,000 shares and vested as follows :10,000 shares on August 20, 2004; 15,000 shares on August 20, 2005 and 15,000 shares on August 20, 2006.

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