SEC Form 4 · accession 0001019056-15-000341
STEVEN MADDEN, LTD. · SHOO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Schmertz
Officer — Brand Director
Period of report
Mar 17, 2015
Accepted (ET)
Mar 23, 2015 · 6:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000913241
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.0001 per shareF1 | Mar 17, 2015 | S | 20,000 | $37.00 | D | 310,694 | D | |
| Common Stock, par value $0.0001 per shareF2 | Mar 20, 2015 | A | 20,000 | $0.00 | A | 330,694 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.74 to $37.20, 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.
- F2Reflects restricted stock grant made to the reporting person on March 20, 2015 under the Steven Madden, Ltd. 2006 Stock Incentive Plan (the "Plan"), which stock will vest in three (3) annual installments as follows: 6,666 shares on March 20, 2018, 6,667 shares on March 20, 2019 and 6,667 shares on March 20, 2020, subject to forfeiture pursuant to the terms of the Plan.