X0201 4 2004-01-02 0 0001091801 MARTHA STEWART LIVING OMNIMEDIA INC MSO 0001159187 UBBEN JEFFREY W ONE MARITIME PLAZA, SUITE 1400 SAN FRANCISCO CA 94111 1 0 1 0 Common Stock 2004-01-02 4 A 0 2360.41 9.85 A 4226010.85 D Common Stock 2004-01-02 4 J 0 2360.41 0 D 4226010.85 I see footnote Received as Jeffrey W. Ubben's compensation for services as chairman of the board and paid in stock pursuant to the Issuer's Non-Employee Director Stock and Option Compensation Plan. Jeffrey W. Ubben transferred the reported stock to ValueAct Capital Partners, L.P., ValueAct Capital Partners II, L.P. and ValueAct Capital International, Ltd. in transactions not involving any consideration. The reported stock is owned directly by ValueAct Capital Partners, L.P., ValueAct Capital Partners II, L.P. and ValueAct Capital International, Ltd. and indirectly by VA Partners, LLC as general partner of ValueAct Capital Partners, L.P. and ValueAct Capital Partners II, L.P. as the investment adviser of ValueAct Capital International, Ltd. Jeffrey W. Ubben is chairman of the board of Martha Stewart Living Omnimedia, Inc. and Managing Member of VA Partners, LLC, the General Partner of ValueAct Capital Partners, L.P. and ValueAct Capital Partners II, L.P. and the investment adviser of ValueAct Capital International, Ltd. Peter H. Kamin and George F. Hamel are Managing Members of VA Partners, LLC, the General Partner of ValueAct Capital Partners, L.P. and ValueAct Capital Partners II, L.P. and investment adviser of ValueAct Capital International, Ltd. The reporting persons disclaim beneficial ownership of the reported stock except to the extent of their pecuniary interest therein. Joint Filer Information Name: ValueAct Capital Partners, L.P. Address: One Maritime Plaza, Suite 1400, San Francisco, CA 94111 Designated Filer: Jeffrey W. Ubben Issuer and Ticker Symbol: Martha Stewart Living Omnimedia, Inc. (MSO) Date of Event Requiring Statement: January 2, 2004 Name: ValueAct Capital Partners II, L.P. Address: One Maritime Plaza, Suite 1400, San Francisco, CA 94111 Designated Filer: Jeffrey W. Ubben Issuer and Ticker Symbol: Martha Stewart Living Omnimedia, Inc. (MSO) Date of Event Requiring Statement: January 2, 2004 Name: ValueAct Capital International, Ltd. Address: One Maritime Plaza, Suite 1400, San Francisco, CA 94111 Designated Filer: Jeffrey W. Ubben Issuer and Ticker Symbol: Martha Stewart Living Omnimedia, Inc. (MSO) Date of Event Requiring Statement: January 2, 2004 Name: VA Partners, L.L.C. Address: One Maritime Plaza, Suite 1400, San Francisco, CA 94111 Designated Filer: Jeffrey W. Ubben Issuer and Ticker Symbol: Martha Stewart Living Omnimedia, Inc. (MSO) Date of Event Requiring Statement: January 2, 2004 Name: George F. Hamel, Jr. Address: One Maritime Plaza, Suite 1400, San Francisco, CA 94111 Designated Filer: Jeffrey W. Ubben Issuer and Ticker Symbol: Martha Stewart Living Omnimedia, Inc. (MSO) Date of Event Requiring Statement: January 2, 2004 Name: Peter H. Kamin Address: One Maritime Plaza, Suite 1400, San Francisco, CA 94111 Designated Filer: Jeffrey W. Ubben Issuer and Ticker Symbol: Martha Stewart Living Omnimedia, Inc. (MSO) Date of Event Requiring Statement: January 2, 2004 By: /s/ Jeffrey W. Ubben 2004-01-05 VALUEACT CAPITAL PARTNERS, L.P., BY VA PARTNERS, L.L.C., ITS GENERAL PARTNER By: /s/ George F. Hamel, Jr. Managing Member 2004-01-05 VALUEACT CAPITAL PARTNERS II, L.P., BY VA PARTNERS, L.L.C., ITS GENERAL PARTNER By: /s/ George F. Hamel, Jr. Managing Member 2004-01-05 VALUEACT CAPITAL INTERNATIONAL, LTD., BY VA PARTNERS, L.L.C., ITS INVESTMENT MANAGER By: /s/ George F. Hamel, Jr. Managing Member 2004-01-05 VA PARTNERS, L.L.C. By: /s/ George F. Hamel, Jr. Managing Member 2004-01-05 By: /s/ George F. Hamel, Jr. 2004-01-05 By: /s/ Peter H. Kamin 2004-01-05