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* MROZEK ERNEST J (Last) (First) (Middle) 3250 LACEY ROAD, SUITE 600 (Street) DOWNERS GROVE IL 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) VICE CHAIRMAN
	3. Date of Earliest Transaction (Month/Day/Year) 02/12/2007
	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 $.01 par value	02/12/2007		M		303,750(1)	A	$11.2222	834,749	D
Common stock $.01 par value								4,993(2)	I	by 401(k) plan
Common stock $.01 par value								3,400(3)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to buy)	$13.83							02/08/2003	02/07/2009	Common stock $.01 par value	100,000		100,000(4)	D
Stock Options (Right to buy)	$13.972							05/03/2003	05/02/2009	Common stock $.01 par value	200,000		200,000(5)	D
1997 Option Plan (Right to Buy)	$11.2222	02/12/2007		M			303,750(1)	02/13/1998	02/12/2007	Common stock $.01 par value	303,750	$11.2222	0	D
1998 Non-Qual.Stock Option (Right to Buy)	$18.075							01/29/2000	01/28/2009	Common Stock	82,500		82,500	D
Senior Ex. Ownership Elec. Plan (Right to Buy)	$11.5							12/31/2000	12/31/2009	Common stock $.01 par value	60,870		60,870	D
1998 Emplee. Stock Option(Right to Buy)	$18.2583							02/16/1999	02/15/2008	Common stock $.01 par value	52,500		52,500	D
2000 Emplee Stock Option (Right to Buy)	$8.75							08/08/2001	08/07/2007	Common stock $.01 par value	175,000		175,000	D
2000 Emplee Stock Option (Right to Buy)	$9.88							03/18/2004	03/17/2013	Common Stock	133,333		133,333(4)	D
2000 Emplee Stock Option (Right to Buy)	$10.52							03/16/2002	03/15/2008	Common stock $.01 par value	250,000		250,000	D
WSH Emplee Stock Option (Right to Buy)	$13.87							05/04/2000	05/03/2006	Common stock $.01 par value	2,163		2,163	D
2003 EIP Stock Appreciation Right	$10.73							02/13/2005	02/12/2014	Common Stock	100,000		100,000	D
2003 EIP Stock Appreciation Right	$12.45							02/14/2007	02/13/2016	Common Stock	112,500		112,500(5)	D
2003 EIP Stock Appreciation Right	$13.44							02/11/2006	02/10/2015	Common Stock	112,500		112,500	D

Explanation of Responses:

1. Mr. Mrozek exercised the ten-year option to purchase shares of common stock on its expiration date of February 12, 2007. The exercise price of $11.2222 per share was established at the time of the grant of the option in February 1997. All of the shares of common stock subject to the option were beneficially owned by Mr. Mrozek prior to the exercise date and have been previously reported by Mr. Mrozek as beneficially owned by him.

2. Includes shares purchased through the ServiceMaster Profit Sharing and Retirement Plan during through December 31, 2006.

3. Includes shares purchased through the dividend reinvestment feature of the ServiceMaster Deferred Compensation Plan through December 31, 2006.

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

5. The stock appreciation right is exercisable in five equal annual installments beginning on the first anniversary of the date of grant.

	Cristen Kogl by power of attorney	02/12/2007
	** 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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