SEC Form 4 · accession 0001225208-15-013295
OFFICE DEPOT INC · ODP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Mark Schmidt
Officer — President, International
Period of report
Jun 1, 2015
Accepted (ET)
Jun 3, 2015 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000800240
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 1, 2015 | M | 50,000 | $7.71 | A | 808,178 | D | |
| Common Stock | Jun 1, 2015 | M | 35,000 | $5.34 | A | 843,178 | D | |
| Common Stock | Jun 1, 2015 | S | 35,000 | $9.26 | D | 808,178 | D | |
| Common Stock | Jun 1, 2015 | S | 50,000 | $9.29 | D | 758,178 | D | |
| Common StockF3 | Jun 1, 2015 | S | 125,000 | $9.29 | D | 633,178 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy) | $7.71 | Jun 1, 2015 | M | 50,000 | D | Mar 8, 2011 | Mar 8, 2017 | Common Stock | 50,000 | 150,000 | D |
| Option (Right to Buy) | $5.34 | Jun 1, 2015 | M | 35,000 | D | May 3, 2012 | May 3, 2018 | Common Stock | 35,000 | 105,000 | D |
Explanation of responses
- F1Exercise and sale effected pursuant to instructions from a 10b5-1 Plan entered into on 3/10/2015 between the Reporting Person and his financial advisor.
- F2Sale effected pursuant to instructions from a 10b5-1 Plan entered into on 3/10/2015 between the Reporting Person and his financial advisor.
- F3The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.220 to $9.352, inclusive. The Reporting Person undertakes to provide to Office Depot, Inc., any security holder of Office Depot, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.