STEVEN MADDEN, LTD. — Director's Dealing 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEVEN MADDEN, LTD. (SHOO)
CIK: 0000913241
Period of Report: 2008-05-23

Reporting Person: RANDALL RICHARD (Director)

Non-Derivative Transactions

Footnotes

F1: Reflects restricted stock grant made to Richard P. Randall on May 23, 2008 under the Steven Madden, Ltd. 2006 Stock Incentive Plan (the "Plan"), which stock vested and ceased to be restricted stock on the first anniversary of the grant date, May 23, 2009.

F2: Reflects restricted stock grant made to Richard P. Randall on May 22, 2009 under the Plan, which stock will vest and cease to be restricted stock on the first anniversary of the grant date, May 22, 2010, subject to forfeiture pursuant to the terms of the Plan.