DELUXE CORP — Director's Dealing 2007

Jan 26, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2007-01-25

Reporting Person: WIDENER LUANN E (Sr. V.P., President SS & FS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-25	Common Stock	M	3890	—	Acquired	23514	Direct
2007-01-25	Common Stock	F	1445	$28.75	Disposed	22069	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-25	Restricted Stock Units	$	M	3890	Disposed	2007-01-25	Common Stock (3890)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Option	$47.67	2009-03-14	Common Stock (10000)	10000	Direct
Common Stock Option	$38.54	2010-03-10	Common Stock (10000)	10000	Direct
Common Stock Option	$42.35	2011-05-04	Common Stock (2870)	2870	Direct
Common Stock Option	$39.63	2012-04-27	Common Stock (4000)	4000	Direct
Common Stock Option	$26.58	2013-02-14	Common Stock (17400)	17400	Direct
Common Stock Option	$24.99	2013-03-01	Common Stock (15200)	15200	Direct

Footnotes

F1: Vesting and conversion into shares on a one-for-one basis of restricted stock units awarded on 1/25/2005 under the Company's Stock Incentive Plan. Award of units resulted from an election to receive a portion of the holder's 2004 incentive compensation in restricted stock units in lieu of cash.

F2: Includes 17,800 shares of restricted stock.

F3: 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).