DELUXE CORP — Director's Dealing 2013

Jan 24, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2013-01-22

Reporting Person: Peterson Terry D (SVP & CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-01-22	Restricted Stock Units	$0	A	8456	Acquired	2015-01-22	Common Stock (8456)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27373	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0	2013-01-25	Common Stock (7606)	7606	Direct
Restricted Stock Units	$0	2014-01-24	Common Stock (7795)	7795	Direct
Common Stock Option	$32.65	2014-02-13	Common Stock (15400)	15400	Direct
Common Stock Option	$18.28	2017-02-17	Common Stock (13300)	13300	Direct
Common Stock Option	$25.59	2018-02-16	Common Stock (26940)	26940	Direct
Common Stock Option	$25.45	2019-02-16	Common Stock (33500)	33500	Direct

Footnotes

F1: Restricted Stock Units were awarded on 1/25/2011 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 2010 annual incentive compensation in restricted stock units in lieu of cash.

F2: 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.

F3: 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.

F4: 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).