DELUXE CORP — Director's Dealing 2014

Feb 20, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2014-02-18

Reporting Person: Godich Peter J (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-18	Common Stock	M	6600	$22.52	Acquired	18804	Direct
2014-02-18	Common Stock	M	8986	$18.28	Acquired	27790	Direct
2014-02-18	Common Stock	M	12600	$25.59	Acquired	40390	Direct
2014-02-18	Common Stock	M	8200	$25.45	Acquired	48590	Direct
2014-02-18	Common Stock	F	19065	$47.41	Disposed	29525	Direct
2014-02-19	Common Stock	S	17321	$47.64	Disposed	12204	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-18	Common Stock Option	$22.52	M	6600	Disposed	2015-02-20	Common Stock (6600)	Direct
2014-02-18	Common Stock Option	$18.28	M	8986	Disposed	2017-02-17	Common Stock (8986)	Direct
2014-02-18	Common Stock Option	$25.59	M	12600	Disposed	2018-02-16	Common Stock (12600)	Direct
2014-02-18	Common Stock Option	$25.45	M	8200	Disposed	2019-02-16	Common Stock (8200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7094	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Option	$38.80	2020-02-20	Common Stock (7900)	7900	Direct

Footnotes

F1: The shares were sold in multiple transactions at prices ranging from $47.39 to $47.86. The price reported is the weighted average sale price. The reporting person will provide to the issuer, a security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each price within the range.

F2: 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).