DELUXE CORP — Director's Dealing 2008

Aug 6, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2008-08-06

Reporting Person: Nachtsheim Stephen P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-06	Common Stock	P	1700	$16.10	Acquired	3700	Indirect
2008-08-06	Common Stock	P	1300	$16.20	Acquired	5000	Indirect
2008-08-06	Common Stock	P	4500	$16.23	Acquired	9500	Indirect
2008-08-06	Common Stock	P	500	$16.25	Acquired	10000	Indirect
2008-08-06	Common Stock	P	2000	$16.27	Acquired	12000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29037	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: Total Direct ownership reported in column 5 includes 3,293 shares of restricted stock and 19,100 restricted stock units.

F2: 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).