DELUXE CORP — Director's Dealing 2012

Feb 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2012-02-16

Reporting Person: Loosbrock Julie M (Sr. V.P., Human Resources)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-16	Common Stock Option	$25.45	A	10600	Acquired	2019-02-16	Common Stock (10600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9451	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Option	$39.63	2012-04-27	Common Stock (1266)	1266	Direct
Common Stock Option	$26.58	2013-02-14	Common Stock (4666)	4666	Direct
Common Stock Option	$32.65	2014-02-13	Common Stock (7700)	7700	Direct
Common Stock Option	$22.52	2015-02-20	Common Stock (4600)	4600	Direct
Common Stock Option	$17.35	2015-09-03	Common Stock (1855)	1855	Direct
Common Stock Option	$9.73	2016-02-18	Common Stock (6433)	6433	Direct
Common Stock Option	$18.28	2017-02-17	Common Stock (15500)	15500	Direct
Common Stock Option	$25.59	2018-02-16	Common Stock (12600)	12600	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).