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^*

SEXTON BETH

(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)
11/09/2006

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)
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	11/09/2006		S		7,181	D	$15.45	0	I	by RSP Trust⁽¹⁾
Common Stock⁽²⁾								44,195	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)
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)
Deferred Stock Units	⁽³⁾							⁽³⁾	⁽³⁾	Common Stock	15,193		15,193	I	by Rabbi Trust
Incentive Stock Option (right to buy)⁽⁴⁾	$29.125							11/06/1998	11/06/2007	Common Stock	4,000		4,000	D
Incentive Stock Option (right to buy)⁽⁵⁾	$29.9375							10/01/2000	11/18/2007	Common Stock	5,000		5,000	D
Incentive Stock Option (right to buy)⁽⁴⁾	$30.75							11/20/1998	11/20/2007	Common Stock	250		250	D
Non-Qualified Stock Option (right to buy)⁽⁵⁾	$10.79							12/12/2004	12/12/2013	Common Stock	37,000		37,000	D
Non-Qualified Stock Option (right to buy)⁽⁵⁾	$10.83							12/07/2006	12/07/2015	Common Stock	35,000		35,000	D
Non-Qualified Stock Option (right to buy)⁽⁵⁾	$10.99							12/08/2005	12/08/2014	Common Stock	30,800		30,800	D
Non-Qualified Stock Option (right to buy)⁽⁵⁾	$11.45							12/14/2002	12/14/2011	Common Stock	40,000		40,000	D
Non-Qualified Stock Option (right to buy)⁽⁴⁾	$16							01/22/2000	01/22/2009	Common Stock	20,000		20,000	D

Explanation of Responses:

1. 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.

2. A total of 16,800 shares reported as directly held are subject to vesting requirements. Full beneficial ownership of some or all of these shares may not fully vest in the reporting person.

3. Shares acquired pursuant to IKON Office Solutions Inc.'s Amended and Restated Executive Deferred Compensation Plan, as amended (the "Plan"). The stock units become payable in common stock upon the events set forth in the Plan.

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

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

	By: Maryanne Messenger, Power of Attorney For: Beth B. Sexton	11/13/2006
	** 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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