Sec Form 4 Filing - PARNEROS DEMOS @ STAPLES INC - 2013-06-28

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
PARNEROS DEMOS
2. Issuer Name and Ticker or Trading Symbol
STAPLES INC [ SPLS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President, NA Stores & Online
(Last) (First) (Middle)
FIVE HUNDRED STAPLES DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
06/28/2013
(Street)
FRAMINGHAM, MA01702
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/28/2013 M 75,000 A $ 12.88 208,203 D
Common Stock 06/28/2013 S 75,000 D $ 16 133,203 D
Common Stock 07/01/2013 F 7,089 D $ 16.04 126,114 D
Common Stock 07/01/2013 F 4,887 D $ 16.04 121,227 D
Common Stock 07/01/2013 J( 1 ) 21,141 D $ 0 101,174 ( 2 ) D
Common Stock 07/01/2013 J( 1 ) 21,141 A $ 0 359,115 I Demos Parneros Rev TR
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Phantom Stock Unit SERP ( 3 ) ( 4 ) ( 4 ) Common Stock 2,581.239 2,581.239 D
Phantom Stock Unit 401(k) ( 5 ) ( 4 ) ( 4 ) Common Stock 2,704.7 2,704.7 D
Option to Purchase $ 12.88 06/28/2013 M 75,000 07/01/2004 07/31/2013 Common Stock 75,000 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
PARNEROS DEMOS
FIVE HUNDRED STAPLES DRIVE
FRAMINGHAM, MA01702
President, NA Stores & Online
Signatures
Michael Williams, attorney-in-fact 07/02/2013
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Transfer from a direct holding to indirect holding.
( 2 )ESPP - Adjusted to reflect additional shares acquired through reporting person's participation in Staples Employee Stock Purchase Plan.
( 3 )Phantom Stock Units are held in a SERP and are payable in cash following termination of employment. Number of underlying shares of common stock are based on June 28, 2013 account statement.
( 4 )See Table II, Column 2
( 5 )Phantom Stock Units are held in a 401k and are payable in cash following termination of employment. Number of underlying shares of common stock are based on June 28, 2013 account statement.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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