DELUXE CORP — Director's Dealing 2008

Oct 31, 2008

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2008-10-22

Reporting Person: Loosbrock Julie M (Senior Vice President, HR)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4544	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Comon Stock Option	$47.67	2009-03-14	Common Stock (2500)		Direct
Common Stock Option	$38.54	2010-03-10	Common Stock (2000)		Direct
Common Stock Option	$42.35	2011-05-04	Common Stock (1200)		Direct
Common Stock Option	$39.63	2012-04-27	Common Stock (1266)		Direct
Common Stock Option	$26.58	2013-02-14	Common Stock (4666)		Direct
Common Stock Option	$32.65	2014-02-13	Common Stock (7700)		Direct
Common Stock Option	$22.52	2015-02-20	Common Stock (4600)		Direct
Common Stock Option	$17.35	2015-09-03	Common Stock (5400)		Direct

Footnotes

F1: Total ownership includes 3,838 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).