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*
PARNEROS DEMOS

(Last) (First) (Middle)
FIVE HUNDRED STAPLES DRIVE

(Street)
FRAMINGHAM MA 01702

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
STAPLES INC [ SPLS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, US Stores
3. Date of Earliest Transaction (Month/Day/Year)
03/14/2012
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 03/14/2012 M 75,000 A $13.26 479,310 D
Common Stock 03/14/2012 M 9,499 A $13.3533 488,809 D
Common Stock 03/14/2012 S 75,000 D $16 413,809 D
Common Stock 03/14/2012 S 9,499 D $16 404,310 D
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
Phantom Stock Unit SERP (1) (2) (2) Common Stock 2,453.997 2,453.997 D
Phantom Stock Unit 401(k) (3) (2) (2) Common Stock 5,114.293 5,114.293 D
Option to Purchase $13.26 03/14/2012 M 75,000 04/29/2003 (4) 04/29/2012 Common Stock 75,000 $0 (2) 0 D
Option to Purchase $13.3533 03/14/2012 M 9,499 05/01/2003 (4) 05/01/2012 Common Stock 9,499 $0 (2) 0 D
Explanation of Responses:
1. Phantom Stock Units are held in a SERP and are payable in cash following the reporting person's termination of employment. No. of underlying shares of common stock are based on March 9, 2012 account statement.
2. See Table II, Column 2
3. Phantom Stock Units are held in a 401(k) and are payable in cash following the reporting person's termination of employment. No. of underlying shares of common stock are based on March 9, 2012 account statement.
4. Monthly Vesting: Restricted by vesting schedule as follows: 25% will vest on the Date Exercisable and 2.083% will vest each month thereafter.
Cynthia Pevehouse, attorney-in-fact 03/16/2012
** 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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