- ------ U.S. SECURITIES AND EXCHANGE COMMISSION
FORM 4 WASHINGTON, D.C. 20549
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no longer
subject to Section 16. Form 4 or
Form 5 obligations may continue.
See Instruction 1(b).
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the
Public Utility Holding Company Act of 1934 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
Masella, Joseph Steven Madden, Ltd. (SHOO) (Check all applicable)
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(Last) (First) (Middle) 3. IRS or Social 4. Statement for Month/Year [ ] Director [ ] 10% Owner
Security Number [X] Officer [ ] Other
c/o Steven Madden, Ltd. of Reporting 5/01 (give title (specify title
52-16 Barnett Avenue Person, if an below) below)
- --------------------------------------- Entity (Voluntary)
(Street) President of l.e.i. Footwear and
Stevies, Inc.
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Long Island City, NY 11104 5. If Amendment, 7. Individual or Joint/Group Filing
- --------------------------------------- Date of Original (Check Applicable Line)
(City) (State) (Zip) (Month/Year)
[X] Form Filed By One Reporting Person
[ ] Form Filed By More Than One Reporting Person
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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)
Code V Amount (A) or (D) Price
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Common Stock 5/9/01 A 12,500 A $ 5.50 27,425 D
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Common Stock 5/9/01 S 12,500 D $16.00 27,425 D
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Common Stock 5/10/01 A 500 A $ 5.50 27,425 D
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Common Stock 5/10/01 S 500 D $16.00 27,425 D
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Common Stock 5/11/01 A 2,000 A $ 9.13 27,425 D
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Common Stock 5/11/01 S 2,000 D $16.00 27,425 D
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Common Stock 5/31/01 A 48,000 A $ 9.13 27,425 D
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Common Stock 5/31/01 S 48,000 D $16.00 27,425 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.(Print or Type Responses)
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/Year) (Instr. 8) Securities
(Instr. 3) Derivative Acquired (A)
Security or Disposed
of (D)
(Instr. 3, 4
and 5)
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Code (A) (D)
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Options $5.50 5/9/01 M 12,500
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Options $5.50 5/10/01 M 500
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Options $9.13 5/10/01 M 2,000
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Options $9.13 5/31/01 M 48,000
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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) (Instr. 5) Beneficially Security: Ownership
(Month/Day/Year) 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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7/15/98 7/15/07 Common Stock 12,500 --- 27,425 D
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7/15/98 7/15/07 Common Stock 500 --- 27,425 D
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6/1/00 6/1/03 Common Stock 2,000 --- 27,425 D
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6/1/00 6/1/03 Common Stock 48,000 --- 27,425 D
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Explanation of Responses:
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. /s/ JOSEPH MASELLA June 7, 2001
78ff(a). ------------------------------- ------------
**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually
signed. If space provided is insufficient, Page 2 of 2 SEC 1474 (3/91)
See Instruction 6 for procedure.
