X0202 4 2005-05-06 0000913241 STEVEN MADDEN, LTD. SHOO 0001044687 MADDEN STEVEN C/O STEVEN MADDEN, LTD. 52-16 BARNETT AVENUE LONG ISLAND CITY NY 11104 0 0 1 0 Common Stock, par value $0.0001 per share ("Common Stock") 2005-05-06 4 X 0 20000 5.50 A 1754000 D Common Stock 2005-05-06 4 X 0 30000 5.50 A 1754000 D Employee Stock Options 5.50 2005-05-06 4 X 0 20000 0 D 1997-06-01 2005-05-31 Common Stock 20000 1754000 D Employee Stock Options 5.50 2005-05-06 4 X 0 30000 0 D 2005-05-31 Common Stock 30000 1754000 D On May 6, 2005, the Reporting Person exercised options to purchase 20,000 shares of Common Stock at an exercise price of $5.50 per share, which options had been previously granted to the Reporting Person on June 31, 1995. On May 6, 2005, the Reporting Person exercised options to purchase 30,000 shares of Common Stock at an exercise price of $5.50 per share, which options had been previously granted to the Reporting Person on January 12, 1998. As of May 6, 2005 (after giving effect to the transaction reported on this Form 4), the Reporting Person held 455,000 shares of Common Stock directly and held options to purchase 490,000 shares of Common Stock. In addition, BOCAP, a corporation wholly-owned by the Reporting Person, held 809,000 shares of Common Stock. The options became exercisable at a rate of 7,500 per quarter beginning on June 1, 1997 and were fully exercisable on March 3, 1998. Steven Madden 2005-05-09