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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* SARGENT RONALD (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) X Director 10% Owner X Officer (give title below) Other (specify below) Chairman and CEO
	3. Date of Earliest Transaction (Month/Day/Year) 06/28/2012
	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								1,265,606(1)	D
Common Stock								2,910	I	Ronald L. Sargent GRAT 2007
Common Stock								49,598	I	Ronald L. Sargent Rev TR
Common Stock								619,174	I	Sargent Partners LLC
Common Stock								43,577	I	Sargent Family Inv. LLC
Common Stock								19,313	I	Jill Sargent Irr. TR
Common Stock								19,313	I	Ronald L. Sargent Irr. TR
Common Stock								204,000	I	Ronald L. Sargent GRAT 2011
Common Stock	06/28/2012		M		240,000	A	$10.6266	1,295,828	D
Common Stock	06/28/2012		S(6)		240,000(7)	D	$12.5321	1,055,828	D
Common Stock	06/29/2012		M		285,000	A	$10.6266	1,340,828	D
Common Stock	06/29/2012		S(6)		240,000(8)	D	$12.9378	1,100,828	D
Common Stock	07/01/2012		F		24,593	D	$13.05	1,076,235	D
Common Stock	07/02/2012		A(10)		189,371	A	$0	1,265,606	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	(2)							(3)	(3)	Common Stock	8,235.258		8,235.258	D
Phantom Stock Unit 401(k)	(4)							(3)	(3)	Common Stock	6,910.813		6,910.813	D
Option to Purchase	$10.6266	06/28/2012		M			240,000	08/01/2003(5)	08/01/2012	Common Stock	240,000	$0(3)	285,000	D
Option to Purchase	$10.6266	06/29/2012		M			285,000	08/01/2003(5)	08/01/2012	Common Stock	285,000	$0(3)	0	D
Option to Purchase	$13.03	07/02/2012		A		765,444		07/02/2013(9)	07/02/2022	Common Stock	765,444	$0(3)	765,444	D

Explanation of Responses:

1. ESPP - Adjusted to reflect additional shares acquired through reporting person's participation in Staples Employee Stock Purchase Plan.

2. 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 July 2, 2012 account statement.

3. See Table II, Column 2

4. Phantom Stock Units are held in a 401(k) and are payable in cash following the reporting person's termination of employment. Number of underlying shares of common stock are based on July 2, 2012 account statement.

5. Monthly Vesting: Restricted by vesting schedule as follows: 25% will vest on the Date Exercisable and 2.083% will vest each month thereafter.

6. These shares were sold to satisfy the option costs and withholding tax liability associated with the exercise of non-qualified options.

7. The price reported represents the weighted average sales price of shares sold on June 28, 2012. Shares were sold at prices ranging from $12.50 to $12.605 per share. The reporting person hereby undertakes, upon the request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

8. The price reported represents the weighted average sales price of shares sold on June 29, 2012. Shares were sold at prices ranging from $12.84 to $13.05 per share. The reporting person hereby undertakes, upon the request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

9. Four Year Vesting: Options exercisable in four annual installments beginning on date stated.

10. Restricted Stock Vesting 50% on the 2nd anniversary of the date of grant and 50% on the 3rd anniversary of the date of grant.

	Cynthia Pevehouse, attorney-in-fact	07/02/2012
	** 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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