SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

RUSSO SHANNON W

(Last)

(First)

(Middle)

SPHERION CORPORATION

2050 SPECTRUM BLVD

(Street)

FORT LAUDERDALE

33309

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/01/2003

3. Issuer Name and Ticker or Trading Symbol
SPHERION CORP [ SFN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP, Finance

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	7,708	D
Common Stock	3,799.797	I	By DCP

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Incentive Stock Option (Right to Buy)	02/09/1996⁽¹⁾	02/09/2005	Common Stock	100	$12.5	D
Incentive Stock Option (Right to Buy)	01/31/1997⁽²⁾	01/31/2006	Common Stock	8,000	$18.625	D
Incentive Stock Option (Right to Buy)	02/05/1998⁽³⁾	02/05/2007	Common Stock	9,622	$18.625	D
Non-Qualified Stock Option (Right to Buy)	02/05/1998⁽³⁾	02/05/2007	Common Stock	3,478	$18.625	D
Deferred Stock Units	07/05/2000⁽⁴⁾	07/05/2009	Common Stock	11,991	$0	D
Incentive Stock Option (Right to Buy)	10/06/2001⁽⁵⁾	10/06/2010	Common Stock	7,504	$11.3125	D
Non-Qualified Stock Option (Right to Buy)	10/06/2001⁽⁵⁾	10/06/2010	Common Stock	14,996	$11.3125	D
Deferred Stock Units	10/06/2001⁽⁶⁾	10/06/2010	Common Stock	2,500	$0	D
Deferred Stock Units	04/10/2002⁽⁷⁾	04/10/2011	Common Stock	7,500	$0	D
Incentive Stock Option (Right to Buy)	05/31/2002⁽⁸⁾	05/31/2011	Common Stock	9,591	$7.25	D
Non-Qualified Stock Option (Right to Buy)	05/31/2002⁽⁸⁾	05/31/2011	Common Stock	12,909	$7.25	D
Deferred Stock Units	05/31/2002⁽⁹⁾	05/31/2011	Common Stock	2,500	$0	D
Incentive Stock Option (Right to Buy)	08/09/2003⁽¹⁰⁾	08/09/2012	Common Stock	5,738	$7.95	D
Non-Qualified Stock Option (Right to Buy)	08/09/2003⁽¹⁰⁾	08/09/2012	Common Stock	18,262	$7.95	D
Incentive Stock Opton (Right to Buy)	10/04/2003⁽¹¹⁾	10/04/2012	Common Stock	1,501	$5.91	D
Non-Qualified Stock Option (Right to Buy)	10/04/2003⁽¹¹⁾	10/04/2012	Common Stock	2,999	$5.91	D

Explanation of Responses:

1. Stock Options granted 02/09/95 are exercisable commencing 02/09/96 on a cumulative basis as follows 1/3 on 02/09/96; 1/3 on 02/09/97; 1/3 on 02/09/98.

2. Stock Options granted 01/31/96 are exercisable commencing 01/31/97 on a cumulative basis as follows 1/3 on 01/31/97; 1/3 on 01/31/98; 1/3 on 01/31/99.

3. Stock Options granted 02/05/97 are exercisable commencing 02/05/98 on a cumulative basis as follows 1/3 on 02/05/98; 1/3 on 02/05/99; 1/3 on 02/05/00.

4. Deferred Stock Units (DSUs) awarded 7/5/99 vest 7 years from the date of grant, subject to earlier vesting if specific earnings targets are achieved.

5. Stock options granted 10/6/00 are exercisable commencing 10/6/01 on a cumulative basis as follows: 1/3 on 10/6/01; 1/3 on 10/6/02; 1/3 on 10/6/03.

6. Deferred Stock Units (DSUs) awarded 10/6/00 vest commencing 10/6/01 on a cumulative basis as follows: 1/3 on 10/6/01; 1/3 on 10/6/02; 1/3 on 10/6/03.

7. Deferred Stock Units (DSUs) awarded 4/10/2001 vests 3 year from the date of grant, subject to earlier vesting if the closing price of the Company's stock meets or exceeds specific target prices.

8. Stock options granted 5/31/01 are exercisable commencing 5/31/02 on a cumulative basis as follows: 1/3 on 5/31/02; 1/3 on 5/31/03; 1/3 on 5/31/04.

9. Deferred Stock Units (DSUs) awarded 5/31/01 vest commencing 5/31/02 on a cumulative basis as follows: 1/3 on 5/31/02; 1/3 on 5/31/03; 1/3 on 5/31/04.

10. Stock options granted 8/09/02 are exercisable commencing 8/9/03 on a cumulative basis as follows: 1/2 on 8/9/03; 1/2 on 8/9/04 under the Company's Stock Option Exchange Program.

11. Stock options granted 10/4/02 are exercisable commencing 10/4/03 on a cumulative basis as follows: 1/3 on 10/4/03; 1/3 on 10/4/04; 1/3 on 10/4/05.

	Shannon W Russo	08/08/2003
	** 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 5 (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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