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*
Hershey Mark A
(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 and General Counsel
3. Date of Earliest Transaction (Month/Day/Year)
08/08/2008
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 08/08/2008 M(1) 500 A $14.125 45,939 D
Common Stock 08/08/2008 S(1) 500 D $15 45,439 D
Common Stock 08/08/2008 M(1) 1,200 A $5.9375 46,639 D
Common Stock 08/08/2008 S(1) 1,200 D $15 45,439 D
Common Stock 08/08/2008 M(1) 2,000 A $2.5 47,439 D
Common Stock 08/08/2008 S(1) 2,000 D $15 45,439 D
Common Stock 08/08/2008 M(1) 2,500 A $7.75 47,939 D
Common Stock 08/08/2008 S(1) 2,500 D $15 45,439 D
Common Stock 4,072 I by RSP Trust(2)
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 08/08/2008 M(1) 2,000 12/15/2001 12/15/2010 Common Stock 2,000 $15 0 D
Non-Qualified Stock Option (right to buy) $5.9375 08/08/2008 M(1) 1,200 12/22/2000 12/22/2009 Common Stock 1,200 $15 0 D
Non-Qualified Stock Option (right to buy) $7.75 08/08/2008 M(1) 2,500 12/09/2003 12/09/2012 Common Stock 2,500 $15 0 D
Non-Qualified Stock Option (right to buy) $14.125 08/08/2008 M(1) 500 07/21/2000 07/21/2009 Common Stock 500 $15 0 D
Deferred Stock Units (3) (3) (3) Common Stock 12,513 12,513 D
Non-Qualified Stock Option (right to buy)(4) $10.14 04/25/2006 04/25/2015 Common Stock 40,000 40,000 D
Non-Qualified Stock Option (right to buy)(4) $10.79 12/12/2004 12/12/2013 Common Stock 2,500 2,500 D
Non-Qualified Stock Option (right to buy)(4) $10.83 12/07/2006(4) 12/07/2015 Common Stock 35,000 35,000 D
Non-Qualified Stock Option (right to buy)(4) $10.99 12/08/2005 12/08/2014 Common Stock 4,500 4,500 D
Non-Qualified Stock Option (right to buy)(4) $11.45 12/14/2002 12/14/2011 Common Stock 4,500 4,500 D
Non-Qualified Stock Option (right to buy)(4) $11.74 07/20/2005 07/20/2014 Common Stock 3,000 3,000 D
Non-Qualified Stock Option (right to buy)(4) $13.69 12/21/2008 12/21/2017 Common Stock 30,395 30,395 D
Non-Qualified Stock Option (right to buy)(4) $16.59 12/06/2007 12/06/2016 Common Stock 13,198 13,198 D
Explanation of Responses:
1. These transactions were effected pursuant to a Rule 10b5-1 Sales Plan adopted by the reporting person.
2. 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.
3. Stock units acquired pursuant to the terms of the issuer's Executive Deferred Compensation Plan ("the Deferred Plan"). The shares subject to the units will be issued to the reporting person in accordance with the terms of the Deferred Plan and the reporting person's Deferred Plan election.
4. Stock option vests 1/3 per year beginning one year from the date of grant.
By: Maryanne Messenger, Power of Attorney For: Mark A. Hershey 08/12/2008
** 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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