Statement of Changes in Beneficial Ownership (4)
May 14 2020 - 7:30PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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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1. Name and Address of Reporting Person
*
Allen Quincy L |
2. Issuer Name and Ticker or Trading Symbol
OFFICE DEPOT INC
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ODP
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/12/2020 |
(Street)
BOCA RATON, FL 33496
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 5/12/2020 | | A | | 2723.0000 | A(1) | $0.0000 | 2723.0000 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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 |
Restricted Stock Unit | $0.0000 (2) | 5/12/2020 | | A (3) | | 81687.0000 | | (4) | (4) | Common Stock | 81687.0000 | $0.0000 | 81687.0000 | D | |
Explanation of Responses: |
(1) | Pro-rated portion of an annual equity grant awarded to the Reporting Person earned for service as a member of the Issuer's Board of Directors for prior year service from February 6, 2020 through February 20, 2020. |
(2) | Each restricted stock unit represents a contingent right to receive one share of common stock. |
(3) | Annual equity grant awarded to the Reporting Person earned for service as a member of the Issuer's Board of Directors for prior year service from February 21, 2020 through May 10, 2020 and for the 2020-2021 service year. |
(4) | The restricted stock unit fully vests on the Grant Date. Vested shares will be distributed to the Reporting Person in three equal annual installments. The first annual installment will be distributed on the first anniversary of the date of separation of the Reporting Person's service on the Issuer's Board of Directors. The remaining annual installments will be distributed on each of the second and third anniversaries of the date of separation of the Reporting Person's service on the Issuer's Board of Directors. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Allen Quincy L 6600 NORTH MILITARY TRAIL LEGAL DEPARTMENT BOCA RATON, FL 33496 | X |
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Signatures
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/s/ Lorna R. Simms, Attorney-in-Fact | | 5/14/2020 |
**Signature of Reporting Person | Date |
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