X0202 4 2007-02-27 0 0001091801 MARTHA STEWART LIVING OMNIMEDIA INC MSO 0001329713 Marino Robin L 11 WEST 42ND STREET NEW YORK NY 10036 0 1 0 0 President, Merchandising Class A Common Stock, par value $0.01 2007-02-27 4 A 0 3026 A 67145 D Reporting person elected to convert $50,000 of annual cash bonus into restricted stock units representing $57,500 of value, or 115% of the converted portion, pursuant to the Company's Bonus Conversion Policy. Based on a per share value of $19.00, the closing price on the business day immediately preceding the date of adoption of the Policy, 3,026 restricted stock units were granted. Assuming continued employment, 33% of the 15% premium represented by these restricted stock units will vest on each of February 22, 2008 and February 22, 2009, and 34% will vest on February 22, 2010, and the shares underlying the total restricted stock unit award will be delivered in the same increments. In the event employment is terminated, the unvested shares representing the 15% premium will be forfeited and the remainder of the underlying shares will be delivered. /s/ John R. Cuti, Attorney-in-fact for Robin Marino 2007-02-28