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^*

KAPUT JIM L

(Last)

(First)

(Middle)

3250 LACEY ROAD, SUITE 600

(Street)

DOWNERS GROVE

60515-1700

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SERVICEMASTER CO [ SVM ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Sr. VP & General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
12/27/2004

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 $.01 par value	12/27/2004		S		2,000	D	$13.67	45,318⁽¹⁾	D
Common stock $.01 par value								15,770	I	through 401(k) plan
Common stock $.01 par value								400	I	Cust. for children
Common stock $.01 par value								5,123⁽²⁾	I	Deferred Comp

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)
Stock Options (Right to buy)	$8.75							08/08/2001	08/07/2007	Common Stock	10,000		10,000⁽³⁾	D
Stock Options (Right to buy)	$10.52							03/16/2002	03/15/2008	Common Stock	75,000		75,000⁽³⁾	D
Stock Options (Right to buy)	$11.4125							04/01/2001	03/31/2010	Common Stock	50,000		50,000⁽³⁾	D
Stock Options (Right to buy)	$13.83							02/08/2003	02/07/2009	Common Stock	85,000		85,000	D
Stock Options (Right to buy)	$13.87							05/04/2000	05/03/2006	Common Stock	541		541⁽⁴⁾	D
2000 Emplee Stock Option (Right to Buy)	$9.88							03/18/2004	03/17/2013	Common Stock	66,667		66,667⁽³⁾	D
2003 EIP Stock Appreciation Right	$10.73							02/13/2005	02/12/2014	Common Stock	50,000		50,000	D

Explanation of Responses:

1. Includes 236 shares acquired through the ServiceMaster Employee Share Purchase Plan during the months of September through December 2004.

2. Includes 42 shares purchased through the dividend reinvestment feature of the ServiceMaster Deferred Compensation Plan in November 2004.

3. The option is exercisable in five equal annual installments beginning on the first anniversary of the date of the grant.

4. In 1999, ServiceMaster entered into a joint venture with Kleiner, Perkins, Caufield & Byers to develop an Internet company, We Serve Homes.com ("WSH"). A WSH option was granted in 2000. On January 11, 2002, the WSH option was converted into a ServiceMaster option at a ratio of 55.48 to 1, pursuant to a merger with a subsidiary of ServiceMaster in a transaction exempt under Rule 16b-7.

	Sandra L. Groman by power of attorney	12/28/2004
	** 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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