DELUXE CORP — Director's Dealing 2010

Feb 16, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2010-02-13

Reporting Person: Koldenhoven Lynn (VP, Consumer Sales & Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-13	Common Stock	F	327	$17.43	Disposed	9434	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Option	$42.35	2011-05-04	Common Stock (738)	738	Direct
Common Stock Option	$39.63	2012-04-27	Common Stock (1013)	1013	Direct
Common Stock Option	$26.58	2013-02-14	Common Stock (7000)	7000	Direct
Common Stock Option	$32.65	2014-02-13	Common Stock (15400)	15400	Direct
Common Stock Option	$22.52	2015-02-20	Common Stock (14000)	14000	Direct
Common Stock Option	$9.73	2016-02-18	Common Stock (16500)	16500	Direct

Footnotes

F1: Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock. Total ownership includes 3,100 shares of restricted stock, as well as 805 shares purchased under the Employee Stock Purchase Plan on 7/31/2009 and 676 shares purchased on 1/29/2010.

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 vess(ed).