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: Godich Peter J (Senior Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-16	Common Stock Option	$25.45	A	12300	Acquired	2019-02-16	Common Stock (12300)	Direct
2012-02-16	Common Stock	$25.45	A	3100	Acquired	2019-02-16	Common Stock (3100)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8865	Direct
Common Stock	2073	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Option	$39.63	2012-04-27	Common Stock (1328)	1328	Direct
Common Stock Option	$26.58	2013-02-14	Common Stock (5733)	5733	Direct
Common Stock Option	$32.65	2014-02-13	Common Stock (8300)	8300	Direct
Common Stock Option	$22.52	2015-02-20	Common Stock (6600)	6600	Direct
Common Stock Option	$19.64	2015-06-18	Common Stock (3800)	3800	Direct
Common Stock Option	$9.73	2016-02-18	Common Stock (5500)	5500	Direct
Common Stock Option	$18.28	2017-02-17	Common Stock (13300)	13300	Direct
Common Stock Option	$25.59	2018-02-16	Common Stock (12600)	12600	Direct
Common Stock Option	$39.63	2012-04-27	Common Stock (1266)	1266	Indirect
Common Stock Option	$26.58	2013-02-14	Common Stock (4666)	4666	Indirect
Common Stock Option	$32.65	2014-02-13	Common Stock (3800)	3800	Indirect
Common Stock Option	$22.52	2015-02-20	Common Stock (2700)	2700	Indirect
Common Stock Option	$9.73	2016-02-18	Common Stock (2533)	2533	Indirect
Common Stock Option	$18.28	2017-02-17	Common Stock (3100)	3100	Indirect
Common Stock Option	$25.59	2018-02-16	Common Stock (2800)	2800	Indirect

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).