NOTE 7 -
Capital Structure

The Company has two classes of capital stock issued and outstanding, Common and Class A. These are equal in all respects except voting rights and restrictions on ownership of Class A stock. Each of the 22,909,864 shares of Common outstanding has one vote, while each of the 4,725,000 outstanding shares of Class A is entitled to five votes. Class A stock is convertible into Common stock on a share-for-share basis at which time ownership restrictions are eliminated.
     The Company repurchased Common stock shares for treasury as follows: 2001 - 49,068 shares at average cost of $15.50; 2000 - 24 shares at average cost of $25.95; and 1999 - 1,137,901 shares at average cost of $24.79.


Standard Register                          
2001 Annual Report