AI assistant
DELUXE CORP — Director's Dealing 2003
Nov 12, 2003
32349_dirs_2003-11-12_2a95e32b-f7aa-42b7-b15a-38725d697d50.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2003-11-10
Reporting Person: MOSNER LAWRENCE J (Chairman and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2003-11-10 | Common Stock | M | 18000 | $20.90 | Acquired | 98429 | Direct |
| 2003-11-10 | Common Stock | M | 45985 | $23.48 | Acquired | 144414 | Direct |
| 2003-11-10 | Common Stock | F | 9355 | $41.16 | Disposed | 135059 | Direct |
| 2003-11-10 | Common Stock | S | 100 | $41.72 | Disposed | 134959 | Direct |
| 2003-11-10 | Common Stock | S | 1100 | $41.71 | Disposed | 133859 | Direct |
| 2003-11-10 | Common Stock | S | 100 | $41.70 | Disposed | 133759 | Direct |
| 2003-11-10 | Common Stock | S | 200 | $41.66 | Disposed | 133559 | Direct |
| 2003-11-10 | Common Stock | S | 200 | $41.60 | Disposed | 133359 | Direct |
| 2003-11-10 | Common Stock | S | 1000 | $41.51 | Disposed | 132359 | Direct |
| 2003-11-10 | Common Stock | S | 100 | $41.50 | Disposed | 132259 | Direct |
| 2003-11-10 | Common Stock | S | 400 | $41.49 | Disposed | 131859 | Direct |
| 2003-11-10 | Common Stock | S | 300 | $41.44 | Disposed | 131559 | Direct |
| 2003-11-10 | Common Stock | S | 200 | $41.43 | Disposed | 131359 | Direct |
| 2003-11-10 | Common Stock | S | 1400 | $41.40 | Disposed | 129959 | Direct |
| 2003-11-10 | Common Stock | S | 100 | $41.39 | Disposed | 129859 | Direct |
| 2003-11-10 | Common Stock | S | 200 | $41.38 | Disposed | 129659 | Direct |
| 2003-11-10 | Common Stock | S | 1000 | $41.37 | Disposed | 128659 | Direct |
| 2003-11-10 | Common Stock | S | 900 | $41.36 | Disposed | 127759 | Direct |
| 2003-11-10 | Common Stock | S | 500 | $41.35 | Disposed | 127259 | Direct |
| 2003-11-10 | Common Stock | S | 1000 | $41.34 | Disposed | 126259 | Direct |
| 2003-11-10 | Common Stock | S | 400 | $41.33 | Disposed | 90059 | Direct |
| 2003-11-11 | Common Stock | M | 54015 | $23.48 | Acquired | 144074 | Direct |
| 2003-11-11 | Common Stock | M | 8455 | $25.20 | Acquired | 152529 | Direct |
| 2003-11-11 | Common Stock | F | 8609 | $40.99 | Disposed | 143920 | Direct |
| 2003-11-11 | Common Stock | S | 500 | $41.09 | Disposed | 143420 | Direct |
| 2003-11-11 | Common Stock | S | 100 | $41.08 | Disposed | 143320 | Direct |
| 2003-11-11 | Common Stock | S | 300 | $41.07 | Disposed | 143020 | Direct |
| 2003-11-11 | Common Stock | S | 600 | $41.05 | Disposed | 142420 | Direct |
| 2003-11-11 | Common Stock | S | 1200 | $41.04 | Disposed | 141220 | Direct |
| 2003-11-11 | Common Stock | S | 500 | $41.03 | Disposed | 98920 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2003-11-10 | Options (right to buy) | $20.90 | M | 18000 | Disposed | 2005-11-27 | Common Stock (18000) | Direct |
| 2003-11-10 | Options (right to buy) | $23.48 | M | 45985 | Disposed | 2007-01-31 | Common Stock (45985) | Direct |
| 2003-11-11 | Options (right to buy) | $23.48 | M | 54015 | Disposed | 2007-01-31 | Common Stock (54015) | Direct |
| 2003-11-11 | Options (right to buy) | $25.20 | M | 8455 | Disposed | 2008-01-30 | Common Stock (8455) | Direct |
Footnotes
F1: Reflects additional sales transacted on 11/10/2003 as follows: 800 shares at $41.32; 800 shares at $41.31; 200 shares at $41.27; 300 shares at $41.25; 2,200 shares at $41.22; 1,700 shares at $41.21; 100 shares at $41.20; 300 shares at $41.18; 100 shares at $41.15; 1,000 shares at $41.13; 1,600 shares at $41.12; 1,600 shares at $41.11; 2,100 shares at $41.10; 100 shares at $41.09; 4,000 shares at 41.08; 2,100 shares at $41.07; 1,200 shares at $41.06; 1,000 shares $41.05; 800 shares at $41.04; 3,700 shares at $41.03; 4,600 shares at $41.02; 1,300 shares at $41.01 and 4,200 shares at $41.00.
F2: Reflects additional sales transacted on 11/11/2003 as follows: 500 shares at $41.02; 5,700 shares at $41.01; 14,600 shares at $41.00; 4,800 shares at $40.99; 3,600 shares at $40.98; 2,100 shares at $40.97; 2,700 shares at $40.96; 1,700 shares at $40.95; 1,300 shares at $40.94; 900 shares at $40.93; 3,200 shares at $40.92; 100 shares at $40.91; 300 shares at $40.90 and 300 shares at $40.88.
F3: Options were granted under the Company's Stock Incentive Plan on 1/30/98 (71,545 shares at $25.20 per share), 1/4/99 (80,000 shares at $27.44 per share), 1/14/00 (80,000 shares at $20.38 per share),1/14/00 (42,500 shares at $20.38 per share), 5/9/00 (80,000 shares at $19.09 per share), 1/26/01 (150,000 shares at $20.24 per share), 3/14/02 (180,000 shares at $47.67 per share) and 3/10/03 (200,000 shares at $38.54 per share). Options granted prior to 1/1/01 have a term of ten years, and options granted after 1/1/01 have seven year terms. With the exception of the 42,500 share option grant on 1/14/2000 (which vested in its entirety based on achievement of performance metrics), one-third of each option grant vests and becomes exercisable on each of the three succeeding anniversaries of the date of grant if, subject to certain exceptions, the holder remains in the employ of the Company through such dates.