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 *

Jacques Allison 		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                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Accounting Officer
(Last)          (First)          (Middle)

601 WEST 26TH STREET, 9TH FLOOR 		3. Date of Earliest Transaction (MM/DD/YYYY)

3/13/2012
(Street)

NEW YORK, NY 10001
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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
Class A Common Stock, par value $0.01   3/13/2012     S    6242   D $4.23   (1) 10080   D    
Class A Common Stock, par value $0.01   3/13/2012     M    9375   A $1.96   (1) 19455   D    
Class A Common Stock, par value $0.01   3/13/2012     S    9375   D $4.23   10080   D    

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
Stock Options (Right to Buy)   $1.96   3/13/2012     M         9375      (2) 2/28/2019   Class A Common Stock, par value $0.01   9375   $ 0   9375   D    
Restricted Stock Units     (3)                  3/1/2013   3/15/2013   Class A Common Stock, par value $0.01   5000     5000   D    
Stock Options (Right to Buy)   $3.95                      (4) 2/28/2021   Class A Common Stock, par value $0.01   25000     25000   D    
Stock Options (Right to Buy)   $5.48                      (5) 2/28/2020   Class A Common Stock, par value $0.01   7000     7000   D    
Stock Options (Right to Buy)   $7.04                    8/15/2011   3/2/2015   Class A Common Stock, par value $0.01   30000     30000   D    

Explanation of Responses:
( 1)  The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.20 to $4.244 per share. The reporting person undertakes to provide to Martha Stewart Living Omnimedia, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
( 2)  9,375 shares of this option vested and became exercisable on each of March 2, 2011 and March 2, 2012. An additional 9,375 shares will vest and become exercisable on March 2, 2013.
( 3)  Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
( 4)  33% of this option will vest and become exercisable on each of March 1, 2012 and March 1, 2013. The remaining 34% will vest and become exercisable on March 1, 2014.
( 5)  This option vests ratably on each of the first, second, third and fourth anniversaries of the date of the grant, which was March 1, 2010.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Jacques Allison
601 WEST 26TH STREET
9TH FLOOR
NEW YORK, NY 10001

Chief Accounting Officer

Signatures
/s/ Margo Drucker Attorney-in-fact for Allison Jacques 3/15/2012
** 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).
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