STEVEN MADDEN, LTD. — Director's Dealing 2016

Nov 15, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEVEN MADDEN, LTD. (SHOO)
CIK: 0000913241
Period of Report: 2016-11-11

Reporting Person: Frieders Karla (Chief Merchandising Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-11	Common Stock, par value $0.0001 per share	M	40000	$16.96	Acquired	123245	Direct
2016-11-11	Common Stock, par value $0.0001 per share	S	40000	$39.07	Disposed	83245	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-11	Stock Option (Right to Buy)	$16.96	M	40000	Disposed	2018-02-01	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 $38.95 to $39.15, inclusive. The reporting person undertakes to provide to Steven Madden, Ltd. (the "Company"), any security holder of the Company 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.

F2: The number of shares under and the exercise price of this option on the grant date of February 1, 2011 was 30,000 shares at an exercise price of $38.17 per share. Such number of shares and such exercise price were adjusted to reflect three-for-two stock splits (effected as a stock dividend) that occurred on May 31, 2011 and October 1, 2013, resulting in 67,500 shares exercisable at an exercise price of $16.96 per share.