SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

CAMPANELLI JOHN C

(Last)

(First)

(Middle)

(Street)

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/07/2003

3. Issuer Name and Ticker or Trading Symbol
DONNELLEY R R & SONS CO [ DNY ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Business Unit President

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock⁽¹⁾	29,380⁽²⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (Right to Buy)	12/09/1997	12/08/2003	Common Stock	7,500	30.1875	D
Employee Stock Option (Right to Buy)	03/23/1998	03/22/2004	Common Stock	100	29.8125	D
Employee Stock Option (Right to Buy)	12/12/1998	12/11/2004	Common Stock	7,500	28.4375	D
Employee Stock Option (Right to Buy)	03/23/1999	03/21/2005	Common Stock	100	35.4375	D
Employee Stock Option (Right to Buy)	12/15/1999	12/14/2005	Common Stock	8,000	38.0625	D
Employee Stock Option (Right to Buy)	12/19/2000	12/18/2006	Common Stock	15,000	30.375	D
Employee Stock Option (Right to Buy)	03/26/2002	03/25/2008	Common Stock	17,500	41.5625	D
Employee Stock Option (Right to Buy)	03/25/2003	03/24/2009	Common Stock	16,000	34.2813	D
Employee Stock Option (Right to Buy)	08/08/1988⁽³⁾	03/22/2010	Common Stock	93,000	21.0938	D
Employee Stock Option (Right to Buy)	08/08/1988⁽⁴⁾	03/25/2013	Common Stock	34,000	18.8	D

Explanation of Responses:

1. Common Stock, and rights to purchase Series A Junior Participating Preferred Stock attached thereto.

2. Includes shares acquired pursuant to Dividend Reinvestment Plan and 401(k) Plan.

3. The option became exercisable as to 55,800 shares on 03/23/2003 and becomes exercisable as to the remaining 37,200 shares on 03/23/2004.

4. The option becomes exercisable as follows: 20% after one year, 40% after two years, 60% after three years and 100% after four years.

	Jennifer Reiners, pursuant to Power of Attorney	07/09/2003
	** 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 5 (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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