SEC Form 4 · accession 0001019056-17-000528
STEVEN MADDEN, LTD. · SHOO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karla Frieders
Officer — Chief Merchandising Officer
Period of report
May 31, 2017
Accepted (ET)
Jun 1, 2017 · 5:28 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 share | May 31, 2017 | M | 60,000 | $28.18 | A | 148,216 | D | |
| Common Stock, par value $0.0001 per shareF1 | May 31, 2017 | S | 60,000 | $38.99 | D | 88,216 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $28.18 | May 31, 2017 | M | 60,000 | D | — | Jan 2, 2020 | Common Stock | 60,000 | 0 | D |
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 $38.85 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.
- F2The number of shares under and the exercise price of this option on the grant date of January 2, 2013 was 40,000 shares at an exercise price of $42.27 per share. Such number of shares and such exercise price were adjusted to reflect a three-for-two stock split (effected as a stock dividend) that occurred on October 1, 2013, resulting in 60,000 shares exercisable at an exercise price of $28.18 per share. The option became exercisable in four equal annual installments beginning on January 2, 2014, which was the first anniversary of the date on which the option was granted.