DELUXE CORP — Director's Dealing 2007

Jul 30, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2007-07-30

Reporting Person: SCHRAM LEE J (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-30	Common Stock	P	1975	$37.72	Acquired	108339	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Option	$23.50	2013-05-01	Common Stock (182000)	182000	Direct
Common Stock Option	$32.65	2014-02-13	Common Stock (193200)	193200	Direct

Footnotes

F1: Includes 85,888 shares of restricted stock.

F2: Options vest in three equal installments on the three succeeding anniversary dates of the date of grant, provided the holder remains an employee of the Company. Date entered reflects date on which first installment vests(ed).