DELUXE CORP — Director's Dealing 2008

Jun 19, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2008-06-18

Reporting Person: Godich Peter J (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-18	Common Stock	A	900	—	Acquired	4642	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-18	Common Stock Option	$19.64	A	3800	Acquired	2015-06-18	Common Stock (3800)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Option	$47.67	2009-03-14	Common Stock (3500)	3500	Direct
Common Stock Option	$38.54	2010-03-10	Common Stock (4250)	4250	Direct
Common Stock Option	$42.35	2011-05-04	Common Stock (923)	923	Direct
Common Stock Option	$39.63	2012-04-27	Common Stock (1328)	1328	Direct
Common Stock Option	$26.58	2013-02-14	Common Stock (5733)	5733	Direct
Common Stock Option	$32.65	2014-02-13	Common Stock (8300)	8300	Direct
Common Stock Option	$22.52	2015-02-20	Common Stock (6600)	6600	Direct

Footnotes

F1: Total ownership includes 4,075 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 employ of the Company. Date entered reflects date on which first installment vests(ed).