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FORM 4 OMB APPROVAL
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OMB Number: 3235-0287
[ ] Check this box if no longer Expires: PENDING
subject to Section 16. Form 4 Estimated average burden
or Form 5 obligations may hours per response..........0.5
continue. See Instruction 1(b) --------------------------------
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting
Person to Issuer
(Check all applicable)
Masella Joseph Steven Madden, Ltd.; SHOO
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(Last) (First) (Middle) 3. IRS or Social 4. Statement for Month/Year [ ] Director [ ] 10% Owner
Security Number [X] Officer [ ] Other
of Reporting (give title (specify below)
Person below)
c/o Steven Madden, Ltd. (Voluntary) President of l.e.i. Footwear and
52-16 Barnett Avenue 05/2002 Stevies, Inc.
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(Street) 5. If Amendment, Date of 7. Individual or Joint/Group Filing
Original (Month/Year) (check applicable line)
[X] Form Filed by One Reporting Person
[ ] Form Filed by More than One
Long Island City, NY 11104 Reporting Person
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(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership Form: 7. Nature of
(Instr.3) action action Code or Disposed of (D) Securities Direct (D) or Indirect
Date (Instr. 8) (Instr. 3,4 and 5) Beneficially Indirect (I) Beneficial
Owned at End of (Instr. 4) Ownership
(Month/ Month (Instr. 4)
Day/Year) (Instr. 3 and 4)
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Code V Amount (A) or (D) Price
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Common Stock, par value 05/10/02 P 575(1) (A) $11.81 10,425(8) (I) (8)
$0.0001 per share
("Common Stock")
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Common Stock 05/13/02 P 1,100(2) (A) $11.81 10,425(8) (I) (8)
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Common Stock 05/13/02 P 400(3) (A) $11.81 10,425(8) (I) (8)
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Common Stock 05/13/02 P 185(4) (A) $11.81 10,425(8) (I) (8)
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Common Stock 05/14/02 P 95(5) (A) $11.81 10,425(8) (I) (8)
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Common Stock 05/14/02 P 7,275(6) (A) $11.81 10,425(8) (I) (8)
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Common Stock 05/15/02 P 7,370(7) (A) $11.81 10,425(8) (I) (8)
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Common Stock 05/10/02 S 575 (D) $19.25 10,425(8) (I) (8)
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Common Stock 05/13/02 S 1,100 (D) $19.23 10,425(8) (I) (8)
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Common Stock 05/13/02 S 400 (D) $19.21 10,425(8) (I) (8)
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Common Stock 05/13/02 S 185 (D) $19.20 10,425(8) (I) (8)
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Common Stock 05/14/02 S 95 (D) $19.20 10,425(8) (I) (8)
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Common Stock 05/14/02 S 7,275 (D) $19.03 10,425(8) (I) (8)
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Common Stock 05/15/02 S 7,370 (D) $19.20 10,425(8) (I) (8)
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FORM 4 (continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(E.G., puts, calls, warrants, options, convertible securities)
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1. Title of 2. Conversion 3. Transaction 4. Transaction 5. Number of
Derivative or Exercise Date Code Derivative
Security Price of (Month/Day/ (Instr. 8) Securities
(Instr. 3) Derivative Year) Acquired (A)
Security or Disposed
of (D)
(Instr. 3, 4,
and 5)
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Code V (A) (D)
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FORM 4 (continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(E.G., puts, calls, warrants, options, convertible securities)
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6. Date 7. Title and Amount 8. Price of 9. Number of 10. Ownership 11. Nature of
Exercisable of Underlying Derivative Derivative Form of Indirect
and Expiration Securities Security Securities Derivative Beneficial
Date (Instr. 3 and 4) Beneficially Security: Ownership
(Month/Day/Year) (Instr. 5) Owned at Direct (D) or (Instr. 4)
End of Indirect (I)
Month (Instr. 4)
(Instr. 4)
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Amount
Date Expir- or
Exer- ation Number
cisable Date Title of Shares
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Explanation of Responses:
(1) On May 10, 2002, the Reporting Person exercised options to purchase 575
shares of Common Stock at an exercise price of $11.81 per share, which options
had been previously granted to the Reporting Person.
(2) On May 13, 2002, the Reporting Person exercised options to purchase 1,100
shares of Common Stock at an exercise price of $11.81 per share, which options
had been previously granted to the Reporting Person.
(3) On May 13, 2002, the Reporting Person exercised options to purchase 400
shares of Common Stock at an exercise price of $11.81 per share, which options
had been previously granted to the Reporting Person.
(4) On May 13, 2002, the Reporting Person exercised options to purchase 185
shares of Common Stock at an exercise price of $11.81 per share, which options
had been previously granted to the Reporting Person.
(5) On May 14, 2002, the Reporting Person exercised options to purchase 95
shares of Common Stock at an exercise price of $11.81 per share, which options
had been previously granted to the Reporting Person.
(6) On May 14, 2002, the Reporting Person exercised options to purchase 7,275
shares of Common Stock at an exercise price of $11.81 per share, which options
had been previously granted to the Reporting Person.
(7) On May 15, 2002, the Reporting Person exercised options to purchase 7,370
shares of Common Stock at an exercise price of $11.81 per share, which options
had been previously granted to the Reporting Person.
(8) As of May 31, 2002, the Reporting Person held options to purchase 10,425
shares of Common Stock.
/s/ JOSEPH MASELLA June 10, 2002
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**Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually
signed. If space is insufficient, see Instruction 6 for
procedure.