DELUXE CORP — Director's Dealing 2014

Mar 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2014-02-27

Reporting Person: SCHRAM LEE J (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-27	Common Stock	A	46353	—	Acquired	241801	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-27	Common Stock Option	$50.32	A	64435	Acquired	2021-02-27	Common Stock (64435)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Option	$22.52	2015-02-20	Common Stock (117400)	117400	Direct
Common Stock Option	$18.28	2017-02-17	Common Stock (133200)	133200	Direct
Common Stock Option	$25.59	2018-02-16	Common Stock (108400)	108400	Direct
Common Stock Option	$25.45	2019-02-16	Common Stock (106000)	106000	Direct
Common Stock Option	$38.80	2020-02-20	Common Stock (95800)	95800	Direct

Footnotes

F1: Total ownership includes 46,353 shares of restricted stock.

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).