DELUXE CORP — Director's Dealing 2006

May 3, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2006-05-01

Reporting Person: HAGGERTY CHARLES A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-04-20	Common Stock	G	359	—	Disposed	0	Direct
2006-04-20	Common Stock	G	359	—	Acquired	11359	Indirect
2006-05-01	Common Stock	P	19900	$23.55	Acquired	31259	Indirect
2006-05-01	Common Stock	P	100	$23.45	Acquired	31359	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
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: Reflects 11,000 shares previously reported as being directly owned by reporting person and gifted to the Haggerty Family Trust, thereby changing the form of beneficial ownership from direct to indirect.

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).