Form 4 Morrison Patricia

4 - Statement of changes in beneficial ownership of securities

Published: 2005-02-22 16:37:10
Submitted: 2005-02-22
Period Ending In: 2005-02-11
>

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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
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*
MORRISON PATRICIA

(Last) (First) (Middle)
2200 OLD GERMANTOWN ROAD
MAIL CODE: LEGL

(Street)
DELRAY BEACH FL 33445

(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/Chief Information Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/11/2005
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
Restricted Stock(1) 02/11/2005 A 20,000 A $0 27,095 D
Restricted Stock(2) 02/11/2005 A 18,800 A $0 45,895 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
Option (Right to Buy) $18.085 02/11/2005 A 40,000 02/11/2006(3) 02/11/2012 Common Stock 40,000 $0 40,000 D
Explanation of Responses:
1. Restricted stock vests upon attainment of performance targets based upon earnings per share as determined by the Compensation Committee. Half vests upon attainment of one target, and the remaining half vests upon attainment of a higher target. If targets are not met within three (3) years, the restricted stock expires unvested.
2. Retention restricted stock is time-based and vests as follows: 16.6% on 10/3/2005; 66.7% on 10/3/2006; and 16.6% on 10/3/2007.
3. Each option is exercisable with respect to one-third of the shares on each annual anniversary of the date of the grant.
Remarks:
By: Anne Zuckerman, Attorney-in-Fact for: 02/21/2005
** 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.
1
mor121.xml
Schema Version:
X0202
Document Type:
4
Period Of Report:
2005-02-11
Not Subject To Section16:
0

Issuer

Issuer Cik
0000800240
Issuer Name
OFFICE DEPOT INC
Issuer Trading Symbol
ODP

Reporting Owner

Reporting Owner Id

Rpt Owner Cik
0001204081
Rpt Owner Name
MORRISON PATRICIA

Reporting Owner Address

Rpt Owner Street1
2200 OLD GERMANTOWN ROAD
Rpt Owner Street2
MAIL CODE: LEGL
Rpt Owner City
DELRAY BEACH
Rpt Owner State
FL
Rpt Owner Zip Code
33445

Reporting Owner Relationship

Is Director
0
Is Officer
1
Is Ten Percent Owner
0
Is Other
0
Officer Title
EVP/Chief Information Officer

Non Derivative Transaction

Security Title

Value
Restricted Stock
@attributes Id
F1
Transaction Date
2005-02-11

Transaction Coding

Transaction Form Type
4
Transaction Code
A
Equity Swap Involved
0

Transaction Amounts

Transaction Shares
20000
Transaction Price Per Share
0
Transaction Acquired Disposed Code
A
Shares Owned Following Transaction
27095

Ownership Nature

Direct Or Indirect Ownership
D

Security Title

Value
Restricted Stock
@attributes Id
F2
Transaction Date
2005-02-11

Transaction Coding

Transaction Form Type
4
Transaction Code
A
Equity Swap Involved
0

Transaction Amounts

Transaction Shares
18800
Transaction Price Per Share
0
Transaction Acquired Disposed Code
A
Shares Owned Following Transaction
45895

Ownership Nature

Direct Or Indirect Ownership
D

Derivative Transaction

Security Title
Option (Right to Buy)
Conversion Or Exercise Price
18.085
Transaction Date
2005-02-11

Transaction Coding

Transaction Form Type
4
Transaction Code
A
Equity Swap Involved
0

Transaction Amounts

Transaction Shares
40000
Transaction Price Per Share
0
Transaction Acquired Disposed Code
A

Exercise Date

Value
2006-02-11
@attributes Id
F3
Expiration Date
2012-02-11

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
40000
Shares Owned Following Transaction
40000

Ownership Nature

Direct Or Indirect Ownership
D

Footnote

0
Restricted stock vests upon attainment of performance targets based upon earnings per share as determined by the Compensation Committee. Half vests upon attainment of one target, and the remaining half vests upon attainment of a higher target. If targets are not met within three (3) years, the restricted stock expires unvested.
1
Retention restricted stock is time-based and vests as follows: 16.6% on 10/3/2005; 66.7% on 10/3/2006; and 16.6% on 10/3/2007.
2
Each option is exercisable with respect to one-third of the shares on each annual anniversary of the date of the grant.

Owner Signature

Signature Name
By: Anne Zuckerman, Attorney-in-Fact for:
Signature Date
2005-02-21
Additional Files
FileSequenceDescriptionTypeSize
0001204065-05-000037.txt   Complete submission text file   9507
$ODP

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