STEVEN MADDEN, LTD. — Director's Dealing 2009

Nov 24, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEVEN MADDEN, LTD. (SHOO)
CIK: 0000913241
Period of Report: 2009-11-19

Reporting Person: Rosenfeld Edward R. (Director, CEO and Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-19	Common Stock, par value $0.0001 per share ("Common Stock")	S	11500	$38.16	Disposed	73500	Direct
2009-11-19	Common Stock	S	5333	$37.8847	Disposed	68167	Direct
2009-11-19	Common Stock	M	7500	$12.31	Acquired	75667	Direct
2009-11-19	Common Stock	M	8000	$18.17	Acquired	83667	Direct
2009-11-19	Common Stock	S	15500	$37.8847	Disposed	68167	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-11-19	Stock Option (Right to Buy)	$12.31	M	7500	Disposed	2015-07-05	Common Stock (7500)	Direct
2009-11-19	Stock Option (Right to Buy)	$18.17	M	8000	Disposed	2015-03-24	Common Stock (40000)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.05 to $38.31, inclusive. The reporting person undertakes to provide to Steven Madden, Ltd., any security holder of Steven Madden, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.