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*
Hershey Mark A
(Last) (First) (Middle)
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)
SVP and General Counsel
3. Date of Earliest Transaction (Month/Day/Year)
02/16/2006
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 02/16/2006 J(1) V 12 A $12.74 4,018 I by RSP Trust(2)
Common Stock 05/18/2006 J(1) V 12 A $12.9 4,030 I by RSP Trust(2)
Common Stock 08/17/2006 J(1) V 11 A $13.6 4,041 I by RSP Trust(2)
Common Stock(3) 26,001 D
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
Non-Qualified Stock Option (right to buy)(4) $2.5 12/15/2001 12/15/2010 Common Stock 2,000 2,000 D
Non-Qualified Stock Option (right to buy)(5) $5.9375 12/22/2000 12/22/2009 Common Stock 1,200 1,200 D
Non-Qualified Stock Option (right to buy)(4) $7.75 12/09/2003 12/09/2012 Common Stock 2,500 2,500 D
Non-Qualified Stock Option (right to buy)(4) $10.14 04/25/2006 04/25/2015 Common Stock 40,000 40,000 D
Non-Qualified Stock Option (right to buy)(4) $10.79 12/12/2004 12/12/2013 Common Stock 2,500 2,500 D
Non-Qualified Stock Option (right to buy)(6) $10.83 12/07/2006 12/07/2015 Common Stock 35,000 35,000 D
Non-Qualified Stock Option (right to buy)(4) $10.99 12/08/2005 12/08/2014 Common Stock 4,500 4,500 D
Non-Qualified Stock Option (right to buy)(4) $11.45 12/14/2002 12/14/2011 Common Stock 4,500 4,500 D
Non-Qualified Stock Option (right to buy)(4) $11.74 07/20/2005 07/20/2014 Common Stock 3,000 3,000 D
Non-Qualified Stock Option (right to buy)(5) $14.125 07/21/2000 07/21/2009 Common Stock 500 500 D
Explanation of Responses:
1. Securities reported herein were acquired pursuant to the issuer's 401(k) Retirement Savings Plan (RSP). Exempt transaction pursuant to Rule 16b-3(c).
2. 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.
3. A total of 26,000 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.
4. Stock option vests 1/3 per year beginning one year from the date of grant.
5. Stock Option vests 20% per year beginning one year from the date of grant.
6. Stock Option granted pursuant to the Issuer's 2003 Employee Equity Incentive Plan. The option vest at 33-1/3% on December 7, 2006, 33-1/3% on December 7, 2007 and 33-1/3% on December 7, 2008.
By: Maryanne Messenger, Power of Attorney For: Mark A. Hershey 09/28/2006
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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