U.S. SECURITIES AND EXCHANGE
FORM 3 Washington, D.C. 20549 OMB APPROVAL
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INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES OMB Number:
Expires:
Filed pursuant to Section 16(a) of the Securities Exchange Estimated average
Act of 1934, Section 17(a) of the Public Utility Holding burden hours per
Company Act of 1935 or Section 20(f) of the Investment response . . . 0.5
Company Act of 1949
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1. Name and Address of Reporting Person 2. Date of Event 4. Issuer Name and Ticker or Trading Symbol
Requiring Statement
Belfort, Jordan (Month/Day/Year) Steven Madden, Ltd.
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(Last) (First) (Middle) ------------------- ----------------------------------------------
5. Relationship of Reporting Person
500 North Broadway, Suite 240 to Issuer (Check all applicable)
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(Street) Security Number of [ ]Director [X] 10% Owner
Jericho, New York 11753 Reporting Person [ ] Officer [ ] Other (specify
- ------------------------------------------------------------ (Voluntary) (give title below)
(City) (State) (Zip Code)
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6. If Amendment, Date of
Original (Month/Day/Year)
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Table I - Non- Derivative Securities Beneficially Owned
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial
(Instr. 4) Beneficially Owned Direct (D) or Ownership (Instr. 5)
(Instr. 4) Indirect (I)
(Instr. 5)
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Common Stock 1,244,371(1) D(2)
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Table II - Derivative Securities Beneficially
Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative 2. Date Exercisable 3. Title and Amount of 4.Conversion 5. Ownership 6. Nature of Indirect
Security (Instr. 4) and Expiration Date Securities Underlying or Exercise form of Beneficial
(Month/Day/ Derivative Security Price of Derivative Ownership(Instr. 5)
Year) (Instr. 4) Derivative Security: Direct
Security (D) or Indirect
(I)(Instr. 5)
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Date Expiration Title Amount or
Exercisable Date Number of
Shares
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Units Now Common Stock 315,000 $5.80 D
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Explanation of Responses:
(1) This number includes the 315,000 shares issuable upon exercise of the Units.
(2) On September 8, 1997 Mr. Belfort entered into a purchase agreement to
acquire 899,731 shares of Madden Common at a price of $5.00 per share from an
escrow agent holding such shares as security for certain obligations of the
holder of such shares. The full purchase consideration for such shares has been
paid to the escrow agent and only the registration of such transfer on the books
of the Issuer's transfer agent remains to be completed.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Jordan Belfort September 15, 1997
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** Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, See Instruction 6 for procedure.
