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DELUXE CORP Director's Dealing 2010

Nov 10, 2010

32349_dirs_2010-11-10_1207374c-358d-4c7c-b639-5251889cdd14.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2010-11-08

Reporting Person: Godich Peter J (Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-11-08 Common Stock M 4059 $9.73 Acquired 8875 Direct
2010-11-08 Common Stock F 2516 $22.37 Disposed 6359 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-11-08 Common Stock Option $9.73 M 4059 Disposed 2016-02-18 Common Stock (4059) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1817 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
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
Common Stock Option $19.64 2015-06-18 Common Stock (3800) 3800 Direct
Common Stock Option $18.28 2017-02-17 Common Stock (13300) 13300 Direct
Common Stock Option $42.35 2011-05-04 Common Stock (738) 738 Indirect
Common Stock Option $39.63 2012-04-27 Common Stock (1266) 1266 Indirect
Common Stock Option $26.58 2013-02-14 Common Stock (4666) 4666 Indirect
Common Stock Option $32.65 2014-02-13 Common Stock (3800) 3800 Indirect
Common Stock Option $22.52 2015-02-20 Common Stock (2700) 2700 Indirect
Common Stock Option $9.73 2016-02-18 Common Stock (3800) 3800 Indirect
Common Stock Option $18.28 2017-02-17 Common Stock (3100) 3100 Indirect

Footnotes

F1: Total ownership includes 2,300 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).

F3: The reporting person acquired beneficial ownership of these shares upon his marriage to the owner of the shares on May 21, 2010. Total ownership includes 600 shares of restricted stock.

F4: The reporting person acquired beneficial ownership of these options upon his marriage to the owner of the options on May 21, 2010.