DELUXE CORP — Director's Dealing 2006

Dec 19, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2006-12-15

Reporting Person: HAGGERTY CHARLES A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-15	Common Stock	J	445	$23.88	Acquired	3639	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	31359	Indirect
Restricted Stock Units	5759	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Option	$44.32	2009-05-07	Common Stock (1000)	1000	Direct
Common Stock Option	$44.28	2010-04-29	Common Stock (1000)	1000	Direct
Common Stock Option	$42.35	2011-05-04	Common Stock (1000)	1000	Direct
Common Stock Option	$39.63	2012-04-27	Common Stock (1000)	1000	Direct

Footnotes

F1: Securities acquired represent shares of Common Stock received in lieu of directors' fees pursuant to the Company's Non-Employee Director Stock and Deferral Plan. These shares are subject to transfer restrictions, which will lapse six months after the date of grant. Total ownership includes 2,271 shares of restricted stock.

F2: Represents restricted stock units received in lieu of directors' fees pursuant to the Company's Non-Employee Director Stock and Deferral Plan. The units will vest and be converted into shares of Common Stock when the holder ceases to serve as a director of the Company.

F3: Options vest in three equal installments on the three succeeding anniversary dates of the date of grant, provided the holder remains a director of the Company. Date entered reflects date on which first installment vests(ed).