Statement of Changes in Beneficial Ownership (4)
03 July 2015 - 4:00AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Hoffman Allison C
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2. Issuer Name
and
Ticker or Trading Symbol
MARTHA STEWART LIVING OMNIMEDIA INC
[
MSO
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
EVP, General Counsel and Secy
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(Last)
(First)
(Middle)
601 W. 26TH STREET
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3. Date of Earliest Transaction
(MM/DD/YYYY)
7/1/2015
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(Street)
NEW YORK, NY 10001
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock, par value $0.01
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7/1/2015
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M
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10000
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A
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$0.00
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27634
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D
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Class A Common Stock, par value $0.01
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7/1/2015
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F
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4122
(1)
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D
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$6.29
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23512
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Restricted Stock Units
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(2)
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7/1/2015
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M
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10000
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(3)
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(3)
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Class A Common Stock, par value $0.01
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10000
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$0.00
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10000
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D
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Performance Restricted Stock Units
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(2)
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(4)
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(4)
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Class A Common Stock, par value $0.01
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40000
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40000
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D
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Performance Restricted Stock Units
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(2)
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(5)
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(5)
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Class A Common Stock, par value $0.01
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20000
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20000
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D
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Performance Stock Options (Right to Buy)
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(6)
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(6)
(7)
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(6)
(7)
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Class A Common Stock, par value $0.01
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40000
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40000
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D
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Stock Options (Right to Buy)
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$2.32
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(8)
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(8)
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Class A Common Stock, par value $0.01
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60000
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60000
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D
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Explanation of Responses:
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(
1)
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Represents shares withheld by the Company to satisfy tax withholding obligations that arose upon the vesting of Ms. Hoffman's restricted stock units.
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(
2)
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Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
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(
3)
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10,000 of these time-vested restricted stock units vested on each of July 1, 2014 and July 1, 2015. 10,000 of these time-vested restricted stock units will vest on July 1, 2016.
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(
4)
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20,000 of these PRSUs vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $8 during any 30 consecutive trading days during the period beginning on July 1, 2013 and ending on July 1, 2016 (the "Performance Period"). 20,000 of the PRSU's vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $10 during any 30 consecutive trading days during the Performance Period.
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(
5)
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10,000 of these performance restricted stock units ("PRSU's) will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $8 during any 30 consecutive trading days during the period beginning on September 2, 2014 and ending on September 2, 2017 (the "Performance Period"). 10,000 of these PRSU's will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $10 during any 30 consecutive trading days during the Performance Period.
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(
6)
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10,000 of these performance options have an exercise price of $5 and vest if and only if the trailing average closing price (the "TACP") of the Company's Class A Common Stock is at least $5 during any 30 consecutive trading days during the period beginning on 9/2/14 and ending 9/2/17 (the "Performance Period"). 10,000 of these performance options have an exercise price of $6 and vest if and only if the TACP of the Company's Class A Common Stock is at least $6 during any 30 consecutive trading days during the Performance Period. 10,000 of these performance options have an exercise price of $8 and vest if and only if the TACP of the Company's Class A Common Stock is at least $8 during any 30 consecutive trading days during the Performance Period. 10,000 of these performance options have an exercise price of $10 and vest if and only if the TACP of the Company's Class A Common Stock is at least $10 during any 30 consecutive trading days during the Performance Period.
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(
7)
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Ms. Hoffman has vested in 20,000 performance options as a result of the achievement of certain performance criteria.
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(
8)
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20,000 of these time-vested options vested on each of July 1, 2014 and July 1, 2015. 20,000 of these time-vested options will vest on July 1, 2016.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Hoffman Allison C
601 W. 26TH STREET
NEW YORK, NY 10001
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EVP, General Counsel and Secy
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Signatures
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/s/ Allison Hoffman
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7/2/2015
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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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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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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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