Stagwell Inc — Director's Dealing 2011

Aug 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MDC PARTNERS INC (MDCA)
CIK: 0000876883
Period of Report: 2011-08-03

Reporting Person: PUSTIL STEPHEN (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-03	Class A Shares	P	5000	$18.95	Acquired	200622	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Shares	195622	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$9.19	2012-04-29	Class A Shares (1905)	1905	Direct
Stock Appreciation Rights	$3.72	2014-02-12	Class A Shares (129310)	129310	Direct
Extraordinary Equity Value Appre. Restricted Stock Awards	$	2013-12-31	Restricted Stock Units (45000)	45000	Direct

Footnotes

F1: Includes unvested Restricted Stock Units (Class A Shares) of the Issuer.

F2: Represents open market purchases.

F3: Canadian dollars.

F4: A total of 129,310 Stock Appreciation Rights ("SARs") were granted February 12, 2009, 33% vested on the first anniversary of the grant date, 33% vested on the second anniversary of the grant date, and 34% vest on the third anniversary of the grant date, and all such SARs expire on February 12, 2014. These SARs may be settled in cash or stock, at the discretion of the Issuer.

F5: 5. Extraordinary Equity Value Appreciation Restricted Stock Awards ("EVARs") under the Issuer's EVARs program (previously disclosed by the Issuer on Form 8-K dated January 26, 2011) represent the right to receive Restricted Stock Units on a one-to-one basis upon the Issuer's achievement of stock price targets equal to $20.00 (15,000 EVARs), $22.75 (15,000 EVARs) and $26.25 (15,000 EVARs), as described in greater detail in the EVAR Letter Agreement.