DELUXE CORP — Director's Dealing 2013

Jul 31, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2013-07-30

Reporting Person: Peterson Terry D (SVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-07-30	Common Stock	M	13300	$18.28	Acquired	37960	Direct
2013-07-30	Common Stock	M	11433	$25.59	Acquired	49393	Direct
2013-07-30	Common Stock	M	9685	$25.45	Acquired	59078	Direct
2013-07-30	Common Stock	F	24660	$40.95	Disposed	34418	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-07-30	Common Stock Option	$18.28	M	13300	Disposed	2017-02-17	Common Stock (13300)	Direct
2013-07-30	Common Stock Option	$25.59	M	11433	Disposed	2018-02-16	Common Stock (11433)	Direct
2013-07-30	Common Stock Option	$25.45	M	9685	Disposed	2019-02-16	Common Stock (9685)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0	2014-01-24	Common Stock (7795)	7795	Direct
Restricted Stock Units	$0	2015-01-22	Common Stock (8456)	8456	Direct
Common Stock Option	$38.80	2020-02-20	Common Stock (23900)	23900	Direct

Footnotes

F1: Restricted Stock Units were awarded on 1/24/2012 under the Company's Stock Incentive Plan. The units will vest and be converted into common stock on the second anniversary of the date of grant if, subject to certain exceptions, the holder remains in the employ of the Company through such date. Award results from an advance election by executive to receive a portion of their 2011 annual incentive compensation in restricted stock units in lieu of cash.

F2: Restricted Stock Units were awarded on 1/22/2013 under the Company's Stock Incentive Plan. The units will vest and be converted into common stock on the second anniversary of the date of grant if, subject to certain exceptions, the holder remains in the employ of the Company through such date. Award results from an advance election by executive to receive a portion of their 2012 annual incentive compensation in restricted stock units in lieu of cash.

F3: 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).