Sec Form 4 Filing - LED I LLC @ ACCO BRANDS CORP - 2006-11-21

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 LED I LLC 2. Issuer Name and Ticker or Trading Symbol ACCO BRANDS CORP [ ABD] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) X __ Other (specify below) Director by deputization (Last) (First) (Middle) ONE LANE CENTER, 1200 SHERMER ROAD 3. Date of Earliest Transaction (MM/DD/YY) 11/21/2006 (Street) NORTHBROOK, IL60062 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 11/21/2006 J( 1 )( 2 ) 1,323,416 D $ 0 ( 1 ) ( 2 ) 192,884 D

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 Variable Forward Contract (oblig. to sell variable amount) ( 1 ) ( 2 ) ( 1 )( 2 ) ( 1 )( 2 ) Common Stock ( 1 ) ( 2 ) 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other LED I LLC ONE LANE CENTER 1200 SHERMER ROAD NORTHBROOK, IL60062 Director by deputization Signatures LED I LLC by Lane Industries, Inc. its Member, by Arthur J Schiller, Secretary and General Counsel 11/22/2006 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On November 21, 2006, LED I LLC's ("LED") obligation to deliver shares of common stock of Acco Brands Corporation (the "Common Stock") pursuant to a variable forward contract (the "VFC") entered into with Deutsche Bank AG on November 21, 2005, matured. The VFC provided that at the maturity date of the VFC, LED deliver, in the aggregate, a number of shares of Common Stock to Deutsche Bank AG (or a LED's election, the cash equivalent of such shares) as follows: (a) if the average closing price of the Common Stock for the ten trading days prior to and including the maturity date (the "Settlement Price") was less than $21.17, a delivery of 1,467,125 shares of Common Stock and (b) if the Settlement Price was equal to or greater than $23.61, a variable number of shares of Common Stock determined pursuant to a formula specified in the VFC, up to 1,467,125 shares of Common Stock. ( 2 )The Settlement Price was $24.91 and, accordingly, LED will settle its obligation under the VFC by delivering to Deutsche Bank AG 1,323,416 shares of Common Stock, and retaining ownership of the Remaining 143,709 pledged shares. LED received $31,059,036 in cash upon settlement of the VFC.

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).

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