SEC FORM 4

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^*

Venable Donna J.

(Last)

(First)

(Middle)

IKON OFFICE SOLUTIONS, INC.

70 VALLEY STREAM PARKWAY

(Street)

MALVERN

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)
02/27/2008

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	02/27/2008		A⁽²⁾		16,500	A	$7.97	20,766	D
Common Stock								6,395	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$7.97	02/27/2008		A⁽⁴⁾		35,500		02/27/2009⁽⁵⁾	02/27/2018	Common Stock	35,500	⁽⁴⁾	35,500	D
Deferred Stock Units⁽⁶⁾	⁽⁶⁾							⁽⁶⁾	⁽⁶⁾	Common Stock	1,578		1,578	D
Non-Qualified Stock Option (right to buy)	$2.5							12/15/2001⁽⁵⁾	12/15/2010	Common Stock	3,000		3,000	D
Non-Qualified Stock Option (right to buy)	$5.9375							12/22/2000⁽⁷⁾	12/22/2009	Common Stock	600		600	D
Non-Qualified Stock Option (right to buy)	$7.75							12/09/2003⁽⁵⁾	12/09/2012	Common Stock	2,600		2,600	D
Non-Qualified Stock Option (right to buy)	$10.79							12/12/2004⁽⁵⁾	12/12/2013	Common Stock	2,300		2,300	D
Non-Qualified Stock Option (right to buy)	$10.83							12/07/2006⁽⁵⁾	12/07/2015	Common Stock	2,900		2,900	D
Non-Qualified Stock Option (right to buy)	$10.99							12/08/2005⁽⁵⁾	12/08/2014	Common Stock	5,000		5,000	D
Non-Qualified Stock Option (right to buy)	$11.45							12/14/2002⁽⁵⁾	12/14/2011	Common Stock	1,500		1,500	D
Non-Qualified Stock Option (right to buy)	$13.69							12/21/2008⁽⁵⁾	12/21/2017	Common Stock	3,794		3,794	D
Non-Qualified Stock Option (right to buy)	$16							01/22/2000⁽⁷⁾	01/22/2009	Common Stock	350		350	D
Non-Qualified Stock Option (right to buy)	$16.59							12/06/2007⁽⁵⁾	12/06/2016	Common Stock	1,927		1,927	D

Explanation of Responses:

1. A total of 20,760 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.

2. Restricted Stock Units ("RSUs") granted pursuant to the Issuer's 2006 Omnibus Equity Compensation Plan. The RSUs will vest at 33-1/3% on February 27, 2010, February 27, 2011 and 33-1/3% on February 27, 2012 and have tax withholding and dividend equivalent rights.

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. Stock Option granted pursuant to the Issuer's 2006 Omnibus Equity Compensation Plan. The Stock Option vests 33-1/3% on February 27, 2009, 33-1/3% on February 27, 2010 and 33-1/3% on February 27, 2011.

5. Stock option vests 1/3 per year beginning one year from the date of grant.

6. Each deferred stock unit ("Unit") represents the right to receive one share of IKON common stock. The Units were acquired pursuant to the terms of the issuer's Management Stock Purchase Program ("MSPP") and the Executive Deferred Compensation Plan ("the Plan"). These Units include dividend equivalent rights and may be subject to certain vesting requirements. 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.

7. Stock Option vests 20% per year beginning one year from the date of grant.

	By: Maryanne Messenger, Power of Attorney For: Donna J. Venable	02/29/2008
	** 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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