SEC FORM 4

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^*

URKIEL WILLIAM S

(Last)

(First)

(Middle)

70 VALLEY STREAM PARKWAY

(Street)

MALVERN

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)
	Sr. Vice President and CFO

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2004

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	09/09/2004		M⁽²⁾		20,000	A	$2.5	99,574	D
Common Stock⁽¹⁾	09/09/2004		S⁽²⁾		20,000	D	$12	79,574	D
Common Stock	05/20/2004		J⁽³⁾	V	19	A	$10.35	5,116	I	by RSP Trust⁽⁴⁾
Common Stock	07/07/2004		J⁽³⁾	V	235	A	$11.58	5,351	I	by RSP Trust⁽⁴⁾
Common Stock	08/19/2004		J⁽³⁾	V	18	A	$11.56	5,369	I	by RSP Trust⁽⁴⁾
Common Stock	06/10/2004		J⁽⁵⁾	V	65	A	$11.4585	18,950	I	by Rabbi 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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$2.5	09/09/2004		M⁽²⁾			20,000	⁽⁶⁾	01/23/2011	Common Stock	20,000	$12	166,000	D
Non-Qualified Stock Option (right to buy)⁽⁶⁾	$7.75							12/09/2003	12/09/2012	Common Stock	67,800		67,800	D
Non-Qualified Stock Option (right to buy)	$10.79							12/12/2004⁽⁶⁾	12/12/2013	Common Stock	86,500		86,500	D
Non-Qualified Stock Option (right to buy)⁽⁶⁾	$11.45							12/14/2002	12/14/2011	Common Stock	75,000		75,000	D
Non-Qualified Stock Option (right to buy)⁽⁷⁾	$12.5							05/10/2000	05/10/2009	Common Stock	125,000		125,000	D

Explanation of Responses:

1. A total of 22,500 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.

2. These transactions were effected pursuant to a Rule 10b5-1 Sales Plan adopted by the 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. Securities purchased pursuant to a dividend reinvestment plan. Exempt transaction pursuant to Rule 16a-11.

6. Stock option vests 1/3 per year beginning one year from the date of grant.

7. Stock Option vests 20% per year beginning one year from the date of grant.

	By: Maryanne Messenger, Power of Attorney For: William S. Urkiel	09/10/2004
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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