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*
STRAND THEODORE

(Last) (First) (Middle)
C/O 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)
Vice President & Controller
3. Date of Earliest Transaction (Month/Day/Year)
12/10/2007
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 12/10/2007 J(1) V 2 A $12.985 877 I by Rabbi Trust
Common Stock(2) 15,790 D
Common Stock 5,060 I by RSP Trust(3)
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 (4) 12/10/2007 A(4) 16 (4) (4) Common Stock 16 $13.05(4) 9,693 D
Non-Qualified Stock Option (right to buy)(5) $2.5 12/15/2001 12/15/2010 Common Stock 14,000 14,000 D
Non-Qualified Stock Option (right to buy)(6) $5.9375 12/22/2000 12/22/2009 Common Stock 9,000 9,000 D
Non-Qualified Stock Option (right to buy)(5) $7.75 12/09/2003 12/09/2012 Common Stock 27,200 27,200 D
Non-Qualified Stock Option (right to buy)(5) $7.81 10/22/2003 10/22/2012 Common Stock 10,000 10,000 D
Non-Qualified Stock Option (right to buy) $10.79 12/12/2004(5) 12/12/2013 Common Stock 29,000 29,000 D
Non-Qualified Stock Option (right to buy)(5) $10.83 12/07/2006(5) 12/07/2015 Common Stock 14,571 14,571 D
Non-Qualified Stock Option (right to buy) $10.99 12/08/2005(5) 12/08/2014 Common Stock 14,900 14,900 D
Non-Qualified Stock Option (right to buy)(5) $11.45 12/14/2002 12/14/2011 Common Stock 12,000 12,000 D
Non-Qualified Stock Option (right to buy)(6) $12.5625 08/02/2000 08/02/2009 Common Stock 5,000 5,000 D
Non-Qualified Stock Option (right to buy)(5) $16.59 12/06/2007 12/06/2016 Common Stock 5,279 5,279 D
Explanation of Responses:
1. Securities purchased pursuant to a dividend reinvestment plan. Exempt transaction pursuant to Rule 16a-11.
2. A total of 2,870 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.
3. 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.
4. Each deferred stock unit represents the right to receive one share of IKON common stock. The deferred stock units are acquired pursuant to the terms of the issuer's Management Stock Purchase Program ("MSPP") and the Executive Deferred Compensation Plan ("the Plan"). The deferred stock units are fully vested and include dividend equivalent rights. The shares subject to the units will be issued to the reporting person at a future date in accordance with the terms of the MSPP, the plan, and the reporting person's plan election.
5. Stock option vests 1/3 per year beginning one year from the date of grant.
6. Stock Option vests 20% per year beginning one year from the date of grant.
By: Maryanne Messenger, Power of Attorney For: Theodore E. Strand 12/12/2007
** 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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