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*
LIU DON H
(Last) (First) (Middle)
70 VALLEY STREAM PARKWAY
(Street)
MALVERN PA 19355
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP & General Counsel
3. Date of Earliest Transaction (Month/Day/Year)
08/02/2004
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 07/30/2004 M(1) 2,800 A $2.5 49,807 D
Common Stock 07/30/2004 S(1) 2,800 D $12 47,007 D
Common Stock 08/02/2004 G V 700 D $12.13 46,307 D
Common Stock 08/02/2004 M(1) 17,200 A $2.5 63,507 D
Common Stock(2) 08/02/2004 S(1) 17,200 D $12 46,307 D
Common Stock 06/16/2004 J(3) V 15 A $11.34 6,183 I by RSP Trust(4)
Common Stock 06/30/2004 J(3) V 15 A $11.47 6,198 I by RSP Trust(4)
Common Stock 07/07/2004 J(3) V 177 A $11.58 6,375 I by RSP Trust(4)
Common Stock 07/14/2004 J(3) V 15 A $11.58 6,390 I by RSP Trust(4)
Common Stock 07/28/2004 J(3) V 15 A $10.92 6,405 I by RSP Trust(4)
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
Non-Qualified Stock Option (right to buy) $2.5 07/30/2004 M(1) 2,800 (5) 01/23/2011 Common Stock 2,800 $12 122,200 D
Non-Qualified Stock Option (right to buy) $2.5 08/02/2004 M(1) 17,200 (5) 01/23/2011 Common Stock 17,200 $12 105,000 D
Deferred Stock Units (6) (6) (6) Common Stock 5,019 5,019 I by Rabbi Trust
Non-Qualified Stock Option (right to buy)(5) $7.75 12/09/2003 12/09/2012 Common Stock 45,000 45,000 D
Non-Qualified Stock Option (right to buy) $10.79 12/12/2004(5) 12/12/2013 Common Stock 48,000 48,000 D
Non-Qualified Stock Option (right to buy)(5) $11.45 12/14/2002 12/14/2011 Common Stock 60,000 60,000 D
Non-Qualified Stock Option (right to buy)(7) $14.8125 03/15/2000 03/15/2009 Common Stock 75,000 75,000 D
Explanation of Responses:
1. These transactions were effected pursuant to a Rule 10b5-1 Sales Plan adopted by the reporting person.
2. A total of 8,334 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.
3. Securities reported herein were acquired pursuant to the issuer's 401(k) Retirement Savings Plan (RSP). Exempt transaction pursuant to Rule 16b-3(c).
4. 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.
5. Stock option vests 1/3 per year beginning one year from the date of grant.
6. Shares acquired pursuant to IKON Office Solution Inc.'s Amended and Restated Executive Deferred Compensation Plan, as amended (the "Plan"), the stock units become payable in common stock upon the events set forth in the Plan.
7. Stock Option vests 20% per year beginning one year from the date of grant.
By: Maryanne Messenger, Power of Attorney For: Don H. Liu 08/03/2004
** 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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