DELUXE CORP — Director's Dealing 2010

Jun 16, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2010-05-24

Reporting Person: Nachtsheim Stephen P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-24	Common Stock	G	2582	—	Disposed	38187	Direct
2010-05-24	Common Stock	G	8418	—	Disposed	3582	Indirect
2010-05-24	Common Stock	G	5500	—	Acquired	5500	Indirect
2010-05-24	Common Stock	G	5500	—	Acquired	5500	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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 13,697 restricted stock units, which convert to shares of Common Stock on deferred dates specified by the director.

F2: Transactions reflect contributions to fund two separate grantor retained annuity trusts for which the reporting person serves as trustee.

F3: 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 vested.