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DELUXE CORP — Director's Dealing 2003
Aug 21, 2003
32349_dirs_2003-08-21_e7757072-261c-4ec4-8bf9-29558de0a599.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2003-08-19
Reporting Person: EILERS RONALD E (President and COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2003-08-19 | Common Stock | M | 15000 | $20.38 | Acquired | 58789.12 | Direct |
| 2003-08-19 | Common Stock | S | 12380 | $43.65 | Disposed | 46409.12 | Direct |
| 2003-08-19 | Common Stock | F | 2620 | $43.65 | Disposed | 43789.12 | Direct |
| 2003-08-19 | Common Stock | M | 4499 | $20.24 | Acquired | 48288.12 | Direct |
| 2003-08-19 | Common Stock | S | 3710 | $43.27 | Disposed | 44578.12 | Direct |
| 2003-08-19 | Common Stock | F | 790 | $43.27 | Disposed | 43788.12 | Direct |
| 2003-08-19 | Common Stock | M | 4500 | $20.24 | Acquired | 48288.12 | Direct |
| 2003-08-19 | Common Stock | S | 2094 | $43.43 | Disposed | 46194.12 | Direct |
| 2003-08-19 | Common Stock | F | 785 | $43.43 | Disposed | 45409.12 | Direct |
| 2003-08-19 | Common Stock | M | 13000 | $27.44 | Acquired | 58409.12 | Direct |
| 2003-08-19 | Common Stock | S | 11430 | $43.26 | Disposed | 46979.12 | Direct |
| 2003-08-19 | Common Stock | F | 1570 | $43.26 | Disposed | 45409.12 | Direct |
| 2003-08-19 | Common Stock | M | 17000 | $27.44 | Acquired | 62409.12 | Direct |
| 2003-08-19 | Common Stock | S | 10725 | $43.36 | Disposed | 51684.12 | Direct |
| 2003-08-19 | Common Stock | F | 2040 | $43.36 | Disposed | 49644.12 | Direct |
| 2003-08-20 | Common Stock | M | 1081 | $30.30 | Acquired | 50725.12 | Direct |
| 2003-08-20 | Common Stock | S | 300 | $43.39 | Disposed | 50425.12 | Direct |
| 2003-08-20 | Common Stock | S | 673 | $43.40 | Disposed | 49752.12 | Direct |
| 2003-08-20 | Common Stock | F | 108 | $43.40 | Disposed | 49644.12 | Direct |
| 2003-08-20 | Common Stock | M | 2268 | $30.30 | Acquired | 51912.12 | Direct |
| 2003-08-20 | Common Stock | S | 1800 | $43.41 | Disposed | 50112.12 | Direct |
| 2003-08-20 | Common Stock | S | 243 | $43.44 | Disposed | 49869.12 | Direct |
| 2003-08-20 | Common Stock | F | 225 | $43.41 | Disposed | 49644.12 | Direct |
| 2003-08-20 | Common Stock | M | 2267 | $30.30 | Acquired | 51911.12 | Direct |
| 2003-08-20 | Common Stock | S | 600 | $43.45 | Disposed | 51311.12 | Direct |
| 2003-08-20 | Common Stock | S | 976 | $43.47 | Disposed | 50335.12 | Direct |
| 2003-08-20 | Common Stock | F | 224 | $43.46 | Disposed | 50111.12 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2003-08-19 | Options (right to buy) | $20.38 | M | 15000 | Disposed | 2010-01-14 | Common Stock (15000) | Direct |
| 2003-08-19 | Options (right to buy) | $20.24 | M | 4499 | Disposed | 2008-01-26 | Common Stock (4499) | Direct |
| 2003-08-19 | Options (right to buy) | $20.24 | M | 4500 | Disposed | 2008-01-26 | Common Stock (4500) | Direct |
| 2003-08-19 | Options (right to buy) | $27.44 | M | 13000 | Disposed | 2009-01-04 | Common Stock (13000) | Direct |
| 2003-08-19 | Options (right to buy) | $27.44 | M | 17000 | Disposed | 2009-01-04 | Common Stock (17000) | Direct |
| 2003-08-20 | Options (right to buy) | $30.30 | M | 1081 | Disposed | 2004-12-11 | Common Stock (1081) | Direct |
| 2003-08-20 | Options (right to buy) | $30.30 | M | 2268 | Disposed | 2006-02-09 | Common Stock (2268) | Direct |
| 2003-08-20 | Options (right to buy) | $30.30 | M | 2267 | Disposed | 2006-02-09 | Common Stock (2267) | Direct |
Footnotes
F1: The reporting person also owns 7,559 restricted stock units that were awarded on 1/27/03 under the Company's Stock Incentive Plan. The units will vest and be converted into common stock on the anniversary of the date of grant if, subject to certain exceptions, the holder remains in the employ of the Company through such date. Award results from an election to receive a portion of the holder's 2002 incentive compensation in restricted stock units in lieu of cash.
F2: Options were granted on 1/26/01 (26,667 shares at $20.24 per share), 3/13/02 (110,000 shares at $47.67 per share) and 3/10/03 (110,000 shares at $38.54 per share). Options have seven year terms. One-third of the options vest and become exercisable in equal installments 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.