KELLY SERVICES INC — Director's Dealing 2003

Aug 21, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KELLY SERVICES INC (KELYB)
CIK: 0000055135
Period of Report: 2003-08-21

Reporting Person: ADDERLEY TERENCE E (Director, Chairman & CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-05	Class A Common Stock, Par Value $1	J	522727	—	Disposed	152825	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock, Par Value $1	2220172	Indirect
Class A Common Stock, Par Value $1	11197337	Indirect
Class A Common Stock, Par Value $1	310612	Indirect
Class B Common Stock, Par Value $1	952100	Direct
Class B Common Stock, Par Value $1	625	Indirect
Class B Common Stock, Par Value $1	2189840	Indirect
Class B Common Stock, Par Value $1	71825	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$22.4	2012-02-12	Class A Common Stock, Par Value $1 (45000)	45000	Direct
Non-Qualified Stock Option (right to buy)	$24	2010-03-14	Class A Common Stock, Par Value $1 (90000)	90000	Direct
Non-Qualified Stock Option (right to buy)	$24.5	2009-03-08	Class A Common Stock, Par Value $1 (72000)	72000	Direct
Non-Qualified Stock Option (right to buy)	$24.53	2013-06-02	Class A Common Stock, Par Value $1 (45000)	45000	Direct
Non-Qualified Stock Option (right to buy)	$25.6	2011-08-13	Class A Common Stock, Par Value $1 (45000)	45000	Direct
Non-Qualified Stock Option (right to buy)	$27.25	2004-12-29	Class A Common Stock, Par Value $1 (18000)	18000	Direct
Non-Qualified Stock Option (right to buy)	$28.06	2007-03-11	Class A Common Stock, Par Value $1 (69000)	69000	Direct
Non-Qualified Stock Option (right to buy)	$29.5	2005-05-17	Class A Common Stock, Par Value $1 (26000)	26000	Direct
Non-Qualified Stock Option (right to buy)	$31	2006-03-18	Class A Common Stock, Par Value $1 (69000)	69000	Direct
Non-Qualified Stock Option (right to buy)	$34.94	2008-03-09	Class A Common Stock, Par Value $1 (69500)	69500	Direct

Footnotes

F1: Since the date of Mr. T. E. Adderley's last ownership report filed on June 4, 2003, he transferred 522,727 shares of Kelly Services Class A common stock directly held, to his ex-wife, pursuant to a domestic relations order. For reporting purposes, his indirect holdings have also been adjusted by those shares held and/or controlled by his ex-wife. Mr. Adderley disclaims beneficial ownership of these shares. This Form reflects Mr. Adderley's total holdings of both Class A and Class B common stock of Kelly Services, Inc. as of August 18, 2003.

F2: (1) As custodian for children. The filing of this statement shall not be construed as an admission of beneficial ownership of equity securities held as custodian. (2) Held as Co-Trustee for daughters. The filing of this statement shall not be construed as an admission of beneficial ownership of equity securities held as Co-Trustee. (3) Securities owned of record and beneficially by spouse. The filing of this statement shall not be construed as an admission of beneficial ownership of equity securities owned by spouse. (4) Securities held by spouse as custodian for children. The filing of this statement shall not be construed as an admission of beneficial ownership of equity securities held by spouse as custodian. (5) These shares are reported by virtue of Mr. Adderley becoming a successor Co-Trustee of the William R. Kelly Trust upon the death of Mr. Kelly on January 3, 1998.

F3: Options granted under Performance Incentive Plan. Vesting will occur over a three-year period, in one-third increments on February 12, 2003, February 12, 2004, and February 12, 2005.

F4: Options granted under Performance Incentive Plan. Vesting will occur over a three-year period in one-third increments beginning on June 2, 2004, with full vesting achieved on June 2, 2006.