ODP Corp — Director's Dealing 2010

Jun 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OFFICE DEPOT INC (ODP)
CIK: 0000800240
Period of Report: 2010-06-08

Reporting Person: Peters Kevin A (President, N. American Retail)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-06-08	Option (Right to Buy)	$21.86	D	119246	Disposed	2014-10-08	Common Stock (119246)	Direct
2010-06-08	Option (Right to Buy)	$11.27	D	40775	Disposed	2015-03-05	Common Stock (40775)	Direct
2010-06-08	Option (Right to Buy)	$5.13	A	74881	Acquired	2017-06-08	Common Stock (74881)	Direct

Footnotes

F1: On June 8, 2010, the issuer cancelled, pursuant to the issuer's option exchange program, options granted to the reporting person on October 8, 2007 and March 5, 2008. In exchange for such options, the reporting person received 74,881 new options.

F2: The new options will vest one-third on each anniversary of the date of the grant.