DELUXE CORP — Director's Dealing 2012

Sep 10, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2012-09-06

Reporting Person: McRoberts Malcolm (Senior Vice President, SBS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-09-06	Common Stock	M	10334	$18.28	Acquired	42560	Direct
2012-09-06	Common Stock	F	7662	$29.69	Disposed	34898	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-09-06	Common Stock Option	$18.28	M	10334	Disposed	2017-02-17	Common Stock (10334)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Option	$22.92	2015-05-19	Common Stock (17414)	17414	Direct
Common Stock Option	$25.59	2018-02-16	Common Stock (12600)	12600	Direct
Common Stock Option	$25.11	2018-03-01	Common Stock (4900)	4900	Direct
Common Stock Option	$25.45	2019-02-16	Common Stock (28200)	28200	Direct

Footnotes

F1: 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).