Steven Madden founder has 10.9% stake after sale of 100,000 shares

By Lisa Kerner

Charlotte, N.C., May 26 - Company founder and principal shareholder Steven Madden sold 100,000 shares of Steven Madden Ltd. between May 21 and May 26, it was reported in a schedule 13D/A filed on Tuesday with the Securities and Exchange Commission.

The shares were priced from $27.0373 to $27.5898 each, the filing said.

Madden beneficially owns 1,922,580 shares, or 10.9%, of the Long Island City, N.Y., footwear company.

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