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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* PARNEROS DEMOS (Last) (First) (Middle) FIVE HUNDRED STAPLES DRIVE (Street) FRAMINGHAM MA 01702 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol STAPLES INC [ SPLS ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) President, US Stores
	3. Date of Earliest Transaction (Month/Day/Year) 12/23/2009
	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	12/23/2009		M		1,648	A	$10.1	312,306	D
Common Stock	12/23/2009		M		1,702	A	$8.0679	314,008	D
Common Stock	12/23/2009		M		13,500	A	$9.375	327,508	D
Common Stock	12/23/2009		M		18,000	A	$10.25	345,508	D
Common Stock	12/23/2009		M		13,500	A	$9.9583	359,008	D
Common Stock	12/23/2009		S		48,350	D	$25	310,658	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
Phantom Stock Unit SERP	(1)							(2)	(3)	Common Stock	2,351.258		2,351.258	D
Phantom Stock Unit 401(k)	(4)							(5)	(6)	Common Stock	4,788.342		4,788.342	D
Option to Purchase	$10.1	12/23/2009		M			1,648	03/28/2000(8)	03/28/2010	Common Stock	1,648	$0(7)	0	D
Option to Purchase	$8.0679	12/23/2009		M			1,702	07/01/2000(10)	07/01/2010	Common Stock	1,702	$0(9)	0	D
Option to Purchase	$9.375	12/23/2009		M			13,500	06/06/2001(12)	06/06/2010	Common Stock	13,500	$0(11)	0	D
Option to Purchase	$10.25	12/23/2009		M			18,000	07/01/2001(14)	07/01/2010	Common Stock	18,000	$0(13)	0	D
Option to Purchase	$9.9583	12/23/2009		M			13,500	09/18/2001(16)	09/18/2010	Common Stock	13,500	$0(15)	0	D

Explanation of Responses:

1. Phantom Stock Units are held in a SERP and are payable in cash following the reporting person's termination of employment. No. of underlying shares of common stock are based on December 22, 2009 account statement

2. See Table II, Column 2

3. See Table II, Column 2

4. Phantom Stock Units are held in a 401(k) and are payable in cash following the reporting person's termination of employment. No. of underlying shares of common stock are based on December 22, 2009 account statement.

5. See Table II, Column 2

6. See Table II, Column 2

7. See Table II, Column 2

8. Exercisable before vest: Restricted by vesting schedule as follows: 25% will vest on the first anniversary of the Date Exercisable and 2.083% will vest each month thereafter.

9. See Table II, Column 2

10. Exercisable before vest: Restricted by vesting schedule as follows: 25% will vest on the first anniversary of the Date Exercisable and 2.083% will vest each month thereafter.

11. See Table II, Column 2

12. Monthly Vesting: Restricted by vesting schedule as follows: 25% will vest on the Date Exercisable and 2.083% will vest each month thereafter.

13. See Table II, Column 2

14. Monthly Vesting: Restricted by vesting schedule as follows: 25% will vest on the Date Exercisable and 2.083% will vest each month thereafter.

15. See Table II, Column 2

16. Monthly Vesting: Restricted by vesting schedule as follows: 25% will vest on the Date Exercisable and 2.083% will vest each month thereafter.

	Kristin A. Campbell, attorney-in-fact	12/24/2009
	** 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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