SEC FORM 4 SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
ADDERLEY TERENCE E

(Last) (First) (Middle)
999 WEST BIG BEAVER RD
C/O KELLY SERVICES INC

(Street)
TROY MI 48084

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
KELLY SERVICES INC [ KELYB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chairman & CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/21/2003
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
Class A Common Stock, Par Value $1 08/05/2003 J(1) V 522,727 D $0 152,825 D
Class A Common Stock, Par Value $1 2,220,172 I Indirect-Co-Trustee(2)
Class A Common Stock, Par Value $1 11,197,337 I Successor Co-Trustee(2)
Class A Common Stock, Par Value $1 310,612 I by Trust
Class B Common Stock, Par Value $1 952,100 D
Class B Common Stock, Par Value $1 625 I Indirect-Co-Trustee(2)
Class B Common Stock, Par Value $1 2,189,840 I Successor Co-Trustee(2)
Class B Common Stock, Par Value $1 71,825 I by Trust
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Non-Qualified Stock Option (right to buy) $22.4 (3) 02/12/2012 Class A Common Stock, Par Value $1 45,000 45,000 D
Non-Qualified Stock Option (right to buy) $24 03/14/2000 03/14/2010 Class A Common Stock, Par Value $1 90,000 90,000 D
Non-Qualified Stock Option (right to buy) $24.5 03/08/1999 03/08/2009 Class A Common Stock, Par Value $1 72,000 72,000 D
Non-Qualified Stock Option (right to buy) $24.53 (4) 06/02/2013 Class A Common Stock, Par Value $1 45,000 45,000 D
Non-Qualified Stock Option (right to buy) $25.6 (3) 08/13/2011 Class A Common Stock, Par Value $1 45,000 45,000 D
Non-Qualified Stock Option (right to buy) $27.25 12/29/1994 12/29/2004 Class A Common Stock, Par Value $1 18,000 18,000 D
Non-Qualified Stock Option (right to buy) $28.06 03/11/1997 03/11/2007 Class A Common Stock, Par Value $1 69,000 69,000 D
Non-Qualified Stock Option (right to buy) $29.5 05/17/1995 05/17/2005 Class A Common Stock, Par Value $1 26,000 26,000 D
Non-Qualified Stock Option (right to buy) $31 03/18/1996 03/18/2006 Class A Common Stock, Par Value $1 69,000 69,000 D
Non-Qualified Stock Option (right to buy) $34.94 03/09/1998 03/09/2008 Class A Common Stock, Par Value $1 69,500 69,500 D
Explanation of Responses:
1. Since the date of Mr. T. E. Adderley's last ownership report filed on June 4, 2003, he transferred 522,727 shares of Kelly Services Class A common stock directly held, to his ex-wife, pursuant to a domestic relations order. For reporting purposes, his indirect holdings have also been adjusted by those shares held and/or controlled by his ex-wife. Mr. Adderley disclaims beneficial ownership of these shares. This Form reflects Mr. Adderley's total holdings of both Class A and Class B common stock of Kelly Services, Inc. as of August 18, 2003.
2. (1) As custodian for children. The filing of this statement shall not be construed as an admission of beneficial ownership of equity securities held as custodian. (2) Held as Co-Trustee for daughters. The filing of this statement shall not be construed as an admission of beneficial ownership of equity securities held as Co-Trustee. (3) Securities owned of record and beneficially by spouse. The filing of this statement shall not be construed as an admission of beneficial ownership of equity securities owned by spouse. (4) Securities held by spouse as custodian for children. The filing of this statement shall not be construed as an admission of beneficial ownership of equity securities held by spouse as custodian. (5) These shares are reported by virtue of Mr. Adderley becoming a successor Co-Trustee of the William R. Kelly Trust upon the death of Mr. Kelly on January 3, 1998.
3. Options granted under Performance Incentive Plan. Vesting will occur over a three-year period, in one-third increments on February 12, 2003, February 12, 2004, and February 12, 2005.
4. Options granted under Performance Incentive Plan. Vesting will occur over a three-year period in one-third increments beginning on June 2, 2004, with full vesting achieved on June 2, 2006.
By: James M. Polehna For: Terence E. Adderley 08/21/2003
** Signature of Reporting Person Date
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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