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DELUXE CORP — Director's Dealing 2006
May 5, 2006
32349_dirs_2006-05-05_2f18cf40-b493-4078-9540-6c9bdef04014.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: 2006-05-03
Reporting Person: TREFF DOUGLAS J (Sr. Vice President and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2006-05-03 | Common Stock | M | 60485 | $16.42 | Acquired | 106840 | Direct |
| 2006-05-03 | Common Stock | S | 1300 | $23.07 | Disposed | 105540 | Direct |
| 2006-05-03 | Common Stock | S | 1500 | $23.08 | Disposed | 104040 | Direct |
| 2006-05-03 | Common Stock | S | 5600 | $23.09 | Disposed | 98440 | Direct |
| 2006-05-03 | Common Stock | S | 10200 | $23.10 | Disposed | 88240 | Direct |
| 2006-05-03 | Common Stock | S | 4100 | $23.11 | Disposed | 84140 | Direct |
| 2006-05-03 | Common Stock | S | 1600 | $23.12 | Disposed | 82540 | Direct |
| 2006-05-03 | Common Stock | S | 1000 | $23.13 | Disposed | 81540 | Direct |
| 2006-05-03 | Common Stock | S | 25985 | $23.14 | Disposed | 55555 | Direct |
| 2006-05-03 | Common Stock | S | 900 | $23.15 | Disposed | 54655 | Direct |
| 2006-05-03 | Common Stock | S | 2500 | $23.16 | Disposed | 52155 | Direct |
| 2006-05-03 | Common Stock | S | 400 | $23.17 | Disposed | 51755 | Direct |
| 2006-05-03 | Common Stock | S | 600 | $23.18 | Disposed | 51155 | Direct |
| 2006-05-03 | Common Stock | S | 400 | $23.19 | Disposed | 50755 | Direct |
| 2006-05-03 | Common Stock | S | 1100 | $23.20 | Disposed | 49655 | Direct |
| 2006-05-03 | Common Stock | S | 1100 | $23.21 | Disposed | 48555 | Direct |
| 2006-05-03 | Common Stock | S | 700 | $23.25 | Disposed | 47855 | Direct |
| 2006-05-03 | Common Stock | S | 100 | $23.26 | Disposed | 47755 | Direct |
| 2006-05-03 | Common Stock | S | 1400 | $23.50 | Disposed | 46355 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2006-05-03 | Common Stock Option | $16.42 | M | 60485 | Disposed | 2010-10-26 | Common Stock (60485) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $0 | 2007-01-25 | Common Stock (8465) | 8465 | Direct |
| Common Stock Option | $47.67 | 2009-03-14 | Common Stock (36000) | 36000 | Direct |
| Common Stock Option | $38.54 | 2010-03-10 | Common Stock (36000) | 36000 | Direct |
| Common Stock Option | $42.35 | 2011-05-04 | Common Stock (5400) | 5400 | Direct |
| Common Stock Option | $39.63 | 2012-04-27 | Common Stock (5670) | 5670 | Direct |
| Common Stock Option | $26.58 | 2013-02-14 | Common Stock (39200) | 39200 | Direct |
Footnotes
F1: Includes 24,705 shares of restricted stock.
F2: Restricted stock units were awarded on 1/25/05 under the Company's Stock Incentive Plan. The units will vest and be converted into common stock on the second 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 2004 incentive compensation in restricted stock units in lieu of cash.
F3: Options vest in three equal installments on the three succeeding anniversary dates of grant, provided the holder remains in the employ of the Company. Date exercisable reflects date on which first installment vests(ed). The options exercised by the reporting person were subject to accelerated expiration in the event of resignation by the reporting person, and as previously reported to the SEC via a Form 8-K, the reporting person announced that he would be resigning from the Company, effective as of May 5, 2006.