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)
01/14/2009

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

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

X	Form filed by One Reporting Person
	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	01/14/2009		S⁽¹⁾		51,690	D	$3.15	348,310	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		1,808	D	$3.16	346,502	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		400	D	$3.17	346,102	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		1,400	D	$3.18	344,702	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		3,200	D	$3.19	341,502	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		20,800	D	$3.2	320,702	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		2,100	D	$3.21	318,602	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		2,400	D	$3.22	316,202	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		1,600	D	$3.23	314,602	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		2,400	D	$3.24	312,202	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		4,050	D	$3.25	308,152	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		100	D	$3.26	308,052	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		5,410	D	$3	302,642	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		19,017	D	$3.0038	283,625	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		40	D	$3.05	283,585	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		1,830	D	$3.1	281,755	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		16,300	D	$3.1259	265,455	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		600	D	$3.03	264,855	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		9,370	D	$3.13	255,485	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		4,333	D	$3	251,152	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/14/2009		S⁽¹⁾		3,030	D	$3.1007	248,122	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/15/2009		S⁽¹⁾		8,600	D	$3	239,522	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/15/2009		S⁽¹⁾		100	D	$3	239,422	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01	01/15/2009		S⁽¹⁾		15,600	D	$3	223,822	I	As General Partner of the Martha Stewart Family Limited Partnership
Class A Common Stock, par value $0.01								34,916	D
Class A Common Stock, par value $0.01								822,990	I	As Trustee of the Martha and Alexis Stewart Charitable Foundation
Class A Common Stock, par value $0.01								37,270	I	As Trustee of the Martha Stewart 2000 Family Trust
Class A Common Stock, par value $0.01								10,648	I	As President of M. Stewart, Inc., the General Partner of Martha Stewart Partners, L.P.

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⁾							⁽²⁾	⁽²⁾	Class A Common Stock, par value $0.01	26,690,125		26,690,125	I	As General Partner of the Martha Stewart Family Limited Partnership
Stock Options (Right to Buy)	$26.56							02/25/2004	02/25/2010	Class A Common Stock, par value $0.01	150,000		150,000	D
Stock Options (Right to Buy)	$15.9							02/15/2006	02/15/2012	Class A Common Stock, par value $0.01	150,000		150,000	D
Stock Options (Right to Buy)	$7.04							⁽³⁾	03/03/2018	Class A Common Stock, par value $0.01	750,000		750,000	D

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

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 or automatically upon certain transfers. The shares do not have an expiration date.

3. The reporting person was granted an option to purchase 750,000 shares of Class A Common Stock pursuant to the Company's 1999 Stock Incentive Plan. 33% of the option will vest on each of June 15, 2009 and July 15, 2010, and 34% will vest on August 15, 2011.

Remarks:

	/s/ William C. Stern, attorney-in-fact for Martha Stewart	01/16/2009
	** 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.
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