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ODP Corp Director's Dealing 2015

Jun 3, 2015

32365_dirs_2015-06-03_9bdd6f5e-e690-4b33-8078-6c70ec3f666c.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OFFICE DEPOT INC (ODP)
CIK: 0000800240
Period of Report: 2015-06-01

Reporting Person: Schmidt Steven Mark (President, International)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-06-01 Common Stock M 50000.0000 $7.7100 Acquired 808178.0000 Direct
2015-06-01 Common Stock M 35000.0000 $5.3400 Acquired 843178.0000 Direct
2015-06-01 Common Stock S 35000.0000 $9.2600 Disposed 808178.0000 Direct
2015-06-01 Common Stock S 50000.0000 $9.2900 Disposed 758178.0000 Direct
2015-06-01 Common Stock S 125000.0000 $9.2900 Disposed 633178.0000 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2015-06-01 Option (Right to Buy) $7.7100 M 50000.0000 Disposed 2017-03-08 Common Stock (50000.0000) Direct
2015-06-01 Option (Right to Buy) $5.3400 M 35000.0000 Disposed 2018-05-03 Common Stock (35000.0000) Direct

Footnotes

F1: Exercise 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.

F2: Sale effected pursuant to instructions from a 10b5-1 Plan entered into on 3/10/2015 between the Reporting Person and his financial advisor.

F3: The 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.