DELUXE CORP — Director's Dealing 2013

Feb 21, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2013-02-20

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-20	Common Stock Option	$38.80	A	17100	Acquired	2020-02-20	Common Stock (17100)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	40106	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0	2015-01-22	Common Stock (1866)	1866	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	$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: 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.

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).