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*
LUECHTEFELD MONICA

(Last) (First) (Middle)
6600 NORTH MILITARY TRAIL
LEGAL DEPARTMENT

(Street)
BOCA RATON FL 33496

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
OFFICE DEPOT INC [ ODP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP- E-Commerce & Direct Mktg
3. Date of Earliest Transaction (Month/Day/Year)
06/08/2010
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
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
Option (Right to Buy) $16.065 06/08/2010 D 40,000 02/04/2003 02/04/2012 Common Stock 40,000(1) $0 0 D
Option (Right to Buy) $11.485 06/08/2010 D 40,000 02/14/2004 02/14/2013 Common Stock 40,000(1) $0 0 D
Option (Right to Buy) $17.545 06/08/2010 D 40,000 02/18/2005 02/18/2014 Common Stock 40,000(1) $0 0 D
Option (Right to Buy) $17.545 06/08/2010 D 18,750 04/07/2005 02/18/2011 Common Stock 18,750(1) $0 0 D
Option (Right to Buy) $18.085 06/08/2010 D 40,000 02/11/2006 02/11/2012 Common Stock 40,000(1) $0 0 D
Option (Right to Buy) $33.07 06/08/2010 D 53,524 02/14/2007 02/14/2013 Common Stock 53,524(1) $0 0 D
Option (Right to Buy) $33.6 06/08/2010 D 40,028 02/28/2008 02/28/2014 Common Stock 40,028(1) $0 0 D
Option (Right to Buy) $11.27 06/08/2010 D 81,549 03/05/2009 03/05/2015 Common Stock 81,549(1) $0 0 D
Option (Right to Buy) $5.13 06/08/2010 A 131,190 06/08/2011(2) 06/08/2017 Common Stock 131,190 $0 131,190 D
Explanation of Responses:
1. On June 8, 2010, the issuer cancelled, pursuant to the issuer's option exchange program, options granted to the reporting person on February 4, 2002, February 14, 2003, February 18, 2004, February 11, 2005, February 14, 2006, February 28, 2007and March 5, 2008. In exchange for such options, the reporting person received 131,190 new options.
2. The new options will vest one-third on each anniversary of the date of the grant.
Remarks:
Elisa D. Garcia C., Attorney-in-Fact 06/10/2010
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.