FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

MADDEN STEVEN 		2. Issuer Name and Ticker or Trading Symbol

STEVEN MADDEN, LTD. [ SHOO ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O STEVEN MADDEN, LTD., 52-16 BARNETT AVENUE 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/21/2009
(Street)

LONG ISLAND CITY,, NY 11104
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

5/26/2009 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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)
Code V Amount (A) or (D) Price
Common Stock, par value $0.0001 per share   5/21/2009     S    35000   D $27.252   1028600   (1) (2) D  
 
Common Stock, par value $0.0001 per share   5/22/2009     S    21000   D $27.0373   1007600   (1) (2) D  
 
Common Stock, par value $0.0001 per share   5/26/2009     S    44000   D $27.5898   963600   (1) (2) D  
 
Common Stock, par value $0.0001 per share                  1671000   (2) I   By BOCAP Corp.   (3)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  The Form 4 filed by the reporting person on May 26, 2009 to report the sale of an aggregate of 100,000 shares of common stock of Steven Madden, Ltd. (the "Company") directly owned by him, in sales that occurred on May 21, May 22 and May 26, 2009, overstated by 20,000 shares the number of shares directly owned by the reporting person following the reported transactions due to a subtraction error that appears in each row of Column 5 of Table I. Subsequent Forms 4 filed by the reporting person on November 20, 2009 and January 13, March 16 and March 22, 2010 continued the same 20,000 share error in Column 5 of Table 1. As a consequence, 662,400 shares, rather than 642,400 (reflecting the correct number of shares beneficially owned), were reported as directly owned by the reporting person following the transaction reported in the Form 4 filed on March 22, 2010.
( 2)  On or about April 30, 2010, Steven Madden, Ltd. effected a three-for-two stock split (effected as a stock dividend) resulting in the reporting person receiving 321,200 additional shares of common stock and BOCAP Corp., a corporation wholly owned by the reporting person, receiving 557,000 additional shares of common stock.
( 3)  BOCAP Corp. is a corporation wholly owned by the reporting person.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MADDEN STEVEN
C/O STEVEN MADDEN, LTD.
52-16 BARNETT AVENUE
LONG ISLAND CITY,, NY 11104
X


Signatures
/s/ Arvind Dharia Arvind Dharia, Attorney-in-Fact for Steven Madden 6/16/2010
** 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 control number.
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