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*
SEXTON BETH

(Last) (First) (Middle)
IKON OFFICE SOLUTIONS INC
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)
Sr. VP, Human Resources
3. Date of Earliest Transaction (Month/Day/Year)
11/09/2006
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 11/09/2006 S 7,181 D $15.45 0 I by RSP Trust(1)
Common Stock(2) 44,195 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
Deferred Stock Units (3) (3) (3) Common Stock 15,193 15,193 I by Rabbi Trust
Incentive Stock Option (right to buy)(4) $29.125 11/06/1998 11/06/2007 Common Stock 4,000 4,000 D
Incentive Stock Option (right to buy)(5) $29.9375 10/01/2000 11/18/2007 Common Stock 5,000 5,000 D
Incentive Stock Option (right to buy)(4) $30.75 11/20/1998 11/20/2007 Common Stock 250 250 D
Non-Qualified Stock Option (right to buy)(5) $10.79 12/12/2004 12/12/2013 Common Stock 37,000 37,000 D
Non-Qualified Stock Option (right to buy)(5) $10.83 12/07/2006 12/07/2015 Common Stock 35,000 35,000 D
Non-Qualified Stock Option (right to buy)(5) $10.99 12/08/2005 12/08/2014 Common Stock 30,800 30,800 D
Non-Qualified Stock Option (right to buy)(5) $11.45 12/14/2002 12/14/2011 Common Stock 40,000 40,000 D
Non-Qualified Stock Option (right to buy)(4) $16 01/22/2000 01/22/2009 Common Stock 20,000 20,000 D
Explanation of Responses:
1. 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.
2. A total of 16,800 shares reported as directly held are subject to vesting requirements. Full beneficial ownership of some or all of these shares may not fully vest in the reporting person.
3. Shares acquired pursuant to IKON Office Solutions 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.
4. Stock Option vests 20% per year beginning one year from the date of grant.
5. Stock option vests 1/3 per year beginning one year from the date of grant.
By: Maryanne Messenger, Power of Attorney For: Beth B. Sexton 11/13/2006
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.