ODP Corp — Director's Dealing 2014

Mar 11, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OFFICE DEPOT INC (ODP)
CIK: 0000800240
Period of Report: 2014-03-11

Reporting Person: Smith Jeffrey C (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-11	Common Stock	P	4841	$4.5937	Acquired	1394870	Indirect
2014-03-11	Common Stock	P	2466	$4.5643	Acquired	1397336	Indirect
2014-03-11	Common Stock	P	5864	$4.5928	Acquired	1403200	Indirect
2014-03-11	Common Stock	P	37452	$4.5937	Acquired	13058286	Indirect
2014-03-11	Common Stock	P	19083	$4.5643	Acquired	13077369	Indirect
2014-03-11	Common Stock	P	45366	$4.5928	Acquired	13122735	Indirect
2014-03-11	Common Stock	P	8726	$4.5937	Acquired	2910265	Indirect
2014-03-11	Common Stock	P	4446	$4.5643	Acquired	2914711	Indirect
2014-03-11	Common Stock	P	10570	$4.5928	Acquired	2925281	Indirect
2014-03-11	Common Stock	P	210481	$4.5937	Acquired	28510492	Indirect
2014-03-11	Common Stock	P	107245	$4.5643	Acquired	28617737	Indirect
2014-03-11	Common Stock	P	254960	$4.5928	Acquired	28872697	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21084	Direct

Footnotes

F1: Shares owned directly by Starboard Value and Opportunity C LP ("Starboard C LP"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP LLC ("Starboard Value GP"), the general partner of the investment manager of Starboard C LP, and as a member and member of the Management Committee of Starboard Principal Co GP LLC ("Principal GP"), the general partner of the member of Starboard Value GP, may be deemed to beneficially own the shares owned directly by Starboard C LP for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F2: Shares owned directly by Starboard Value and Opportunity Master Fund Ltd ("Starboard V&O Fund"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard V&O Fund, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the shares owned directly by Starboard V&O Fund for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F3: Shares owned directly by Starboard Value and Opportunity S LLC ("Starboard S LLC"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the manager of Starboard S LLC, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the shares owned directly by Starboard S LLC for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F4: Shares held in certain accounts managed by Starboard Value LP (the "Managed Accounts"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of Starboard Value LP, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the shares held in the Managed Accounts for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F5: Represents the number of shares of the Issuer's Common Stock issued to the Reporting Person as compensation for service on the Issuer's Board of Directors, of which 25% vested immediately on the grant date and 75% vested in full upon the closing of the Issuer's merger with OfficeMax Incorporated.