DELUXE CORP — Director's Dealing 2010

Feb 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2010-02-17

Reporting Person: SCARFONE ANTHONY C (Sr. VP, General Counsel & Secy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-18	Common Stock	A	29100	—	Acquired	64507	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-17	Common Stock Option	$18.28	A	31000	Acquired	2017-02-17	Common Stock (31000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Option	$16.42	2010-10-26	Common Stock (25925)	25925	Direct
Common Stock Option	$38.54	2010-03-10	Common Stock (30000)	30000	Direct
Common Stock Option	$42.35	2011-05-04	Common Stock (4800)	4800	Direct
Common Stock Option	$39.63	2012-04-27	Common Stock (4800)	4800	Direct
Common Stock Option	$26.58	2013-02-14	Common Stock (26100)	26100	Direct
Common Stock Option	$32.65	2014-02-13	Common Stock (45000)	45000	Direct
Common Stock Option	$22.52	2015-02-20	Common Stock (27400)	27400	Direct
Common Stock Option	$9.73	2016-02-18	Common Stock (38600)	38600	Direct

Footnotes

F1: Total ownership includes 35,200 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).