DELUXE CORP — Director's Dealing 2008

Feb 22, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2008-02-20

Reporting Person: Greene Richard S (Sr. V.P. and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-20	Common Stock	A	7900	—	Acquired	22079	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-20	Common Stock Option	$22.52	A	35200	Acquired	2015-02-20	Common Stock (35200)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Option	$32.65	2014-02-13	Common Stock (57900)	57900	Direct

Footnotes

F1: Total ownership includes includes 17,687 shares of restricted stock.

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