DELUXE CORP — Director's Dealing 2012

Jul 18, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2012-07-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-11	Common Stock	G	300	—	Disposed	52546	Direct
2012-07-16	Common Stock	S	15000	$26.26	Disposed	37546	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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
Common Stock Option	$18.28	2017-02-17	Common Stock (31000)	31000	Direct
Common Stock Option	$25.59	2018-02-16	Common Stock (27100)	27100	Direct
Common Stock Option	$25.45	2019-02-16	Common Stock (26500)	26500	Direct

Footnotes

F1: The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 1, 2012. These shares were sold in multiple transactions at prices ranging from $26.14 to $26.38. The price reported is the weighted average sale price. The reporting person will provide to the issuer, a security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each price within the range.

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).