SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

STEWART MARTHA

(Last)

(First)

(Middle)

11 WEST 42ND STREET

(Street)

NEW YORK

10036

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MARTHA STEWART LIVING OMNIMEDIA INC [ MSO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/14/2004

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock, par value $0.01	12/14/2004		C		300,000	A	$0.00	300,000	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		3,900	D	$27.3	296,100	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		900	D	$27.26	295,200	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		1,000	D	$27.31	294,200	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		200	D	$27.34	294,000	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		1,000	D	$26.73	293,000	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		1,000	D	$26.7	292,000	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		1,100	D	$26.75	290,900	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		1,300	D	$26.76	289,600	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		100	D	$26.77	289,500	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		500	D	$26.78	289,000	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		200	D	$26.79	288,800	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		200	D	$26.8	288,600	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		1,000	D	$26.83	287,600	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		300	D	$26.84	287,300	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		100	D	$26.85	287,200	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		1,000	D	$26.86	286,200	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		700	D	$26.87	285,500	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		800	D	$26.88	284,700	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		1,200	D	$26.89	283,500	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		400	D	$26.9	283,100	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		300	D	$26.91	282,800	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		500	D	$26.93	282,300	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		600	D	$26.94	281,700	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		500	D	$26.95	281,200	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		1,700	D	$26.97	279,500	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		2,400	D	$26.98	277,100	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		2,200	D	$26.99	274,900	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		19,500	D	$27	255,400	I⁽¹⁾	See⁽¹⁾
Class A Common Stock, par value $0.01	12/14/2004		S		500	D	$27.01	254,900	I⁽¹⁾	See⁽¹⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Shares, par value $0.01	⁽²⁾	12/14/2004		C			300,000	⁽³⁾	⁽³⁾	Class A Common Stock, par value $0.01	300,000	⁽²⁾	29,122,860	I⁽¹⁾	See⁽¹⁾

1. Name and Address of Reporting Person^*

STEWART MARTHA

(Last)

(First)

(Middle)

11 WEST 42ND STREET

(Street)

NEW YORK

10036

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

MARTHA STEWART FAMILY LIMITED PARTNERSHIP

(Last)

(First)

(Middle)

C/O 11 WEST 42ND STREET

(Street)

NEW YORK

10036

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. These shares are owned directly by The Martha Stewart Family Limited Partnership, a 10% owner of the Issuer, and indirectly by Martha Stewart, as general partner of the partnership.

2. Pursuant to the terms of the Issuer's Certificate of Incorporation, each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder thereof.

3. These shares do not have an expiration date.

Remarks:

Because the SEC's electronic filing system does not allow for the disclosure of more than 30 transactions on one Form 4, the Reporting Person is filing three simultaneous Forms 4 to report her reportable transactions, all of which together shall be deemed a single report filed on this date. This is the first Form 4 of the three filings.

	Jay Dubiner, Attorney-in-Fact for Martha Stewart	12/16/2004
	Jay Dubiner, Attorney-in-Fact for The Martha Stewart Family Limited Partnership	12/16/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.