SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
ESPE MATTHEW J

(Last) (First) (Middle)

(Street)

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
IKON OFFICE SOLUTIONS INC [ IKN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO & Chairman of the Board
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 05/15/2008 J(1) V 5 A $11.95 1,640 I by RSP Trust(2)
Common Stock 06/10/2008 J(3) 426 A $11.8628 126,899 I by Rabbi Trust
Common Stock(4) 342,865 D
Common Stock 2,000 I by Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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
Deferred Stock Units (5) 06/10/2008 A(5) 539 (5) (5) Common Stock 539 $11.87(5) 160,610 D
Non-Qualified Stock Option (right to buy)(6) $7.75 12/09/2003 12/09/2012 Common Stock 291,000 291,000 D
Non-Qualified Stock Option (right to buy)(7) $9.05 08/28/2005 08/28/2012 Common Stock 300,000 300,000 D
Non-Qualified Stock Option (right to buy) $10.79 12/12/2004(6) 12/12/2013 Common Stock 447,100 447,100 D
Non-Qualified Stock Option (right to buy)(6) $10.83 12/07/2006 12/07/2015 Common Stock 257,143 257,143 D
Non-Qualified Stock Option (right to buy) $10.99 12/08/2005(6) 12/08/2014 Common Stock 258,400 258,400 D
Non-Qualified Stock Option (right to buy)(6) $13.69 12/21/2008 12/21/2017 Common Stock 211,086 211,086 D
Non-Qualified Stock Option (right to buy)(6) $16.59 12/06/2007 12/06/2016 Common Stock 106,901 106,901 D
Explanation of Responses:
1. Securities reported herein were acquired pursuant to the issuer's 401(k) Retirement Savings Plan (RSP). Exempt transaction pursuant to Rule 16b-3(c).
2. Equivalent shares based on the total Net Asset Value (NAV) of IKON Stock Fund in issuer's 401(k) Plan. Due to market fluctuations in NAV, the number of equivalent shares may increase or decrease from month to month independently of the officer's purchases or sales.
3. Securities purchased pursuant to a dividend reinvestment plan. Exempt transaction pursuant to Rule 16a-11.
4. A total of 267,669 of the shares directly held are subject to vesting requirements. Full beneficial ownership of some or all of these shares may not fully vest in reporting person.
5. Stock units acquired pursuant to the terms of the issuer's Executive Deferred Compensation Plan ("the Deferred Plan"). The shares subject to the units will be issued to the reporting person in accordance with the terms of the Deferred Plan and the reporting person's Deferred Plan election.
6. Stock option vests 1/3 per year beginning one year from the date of grant.
7. Stock option vests 150,000 shares on 8/28/2005 and 150,000 shares on 8/28/2007.
By: Maryanne Messenger, Power of Attorney For: Matthew J. Espe 06/12/2008
** 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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