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^*

ESPE MATTHEW J

(Last)

(First)

(Middle)

(Street)

(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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CEO & Chairman of the Board

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2007

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)
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	12/10/2007		J⁽¹⁾	V	386	A	$12.985	125,761	I	by Rabbi Trust
Common Stock⁽²⁾								303,804	D
Common Stock								1,625	I	by RSP Trust⁽³⁾
Common Stock								2,000	I	by Trust

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	⁽⁴⁾	12/10/2007		A⁽⁴⁾		275		⁽⁴⁾	⁽⁴⁾	Common Stock	275	$13.05⁽⁴⁾	159,158	D
Non-Qualified Stock Option (right to buy)⁽⁵⁾	$7.75							12/09/2003	12/09/2012	Common Stock	291,000		291,000	D
Non-Qualified Stock Option (right to buy)⁽⁶⁾	$9.05							08/28/2005	08/28/2012	Common Stock	300,000		300,000	D
Non-Qualified Stock Option (right to buy)	$10.79							12/12/2004⁽⁵⁾	12/12/2013	Common Stock	447,100		447,100	D
Non-Qualified Stock Option (right to buy)⁽⁵⁾	$10.83							12/07/2006	12/07/2015	Common Stock	257,143		257,143	D
Non-Qualified Stock Option (right to buy)	$10.99							12/08/2005⁽⁵⁾	12/08/2014	Common Stock	258,400		258,400	D
Non-Qualified Stock Option (right to buy)⁽⁵⁾	$16.59							12/06/2007	12/06/2016	Common Stock	106,901		106,901	D

Explanation of Responses:

1. Securities purchased pursuant to a dividend reinvestment plan. Exempt transaction pursuant to Rule 16a-11.

2. A total of 228,608 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.

3. 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.

4. Each deferred stock unit represents the right to receive one share of IKON common stock. The deferred stock units are acquired pursuant to the terms of the issuer's Management Stock Purchase Program ("MSPP") and the Executive Deferred Compensation Plan ("the Plan"). The deferred stock units are fully vested and include dividend equivalent rights. The shares subject to the units will be issued to the reporting person at a future date in accordance with the terms of the MSPP, the plan, and the reporting person's plan election.

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

6. Stock option vests 150,000 shares on 8/28/2005 and 150,000 shares on 8/28/2007.

	By: Maryanne Messenger, Power of Attorney For: Matthew J. Espe	12/12/2007
	** 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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