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DELUXE CORP Director's Dealing 2015

Feb 17, 2015

32349_dirs_2015-02-17_ea99d2fa-d22d-461c-985b-251e6f2317c9.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2015-02-12

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-02-12 Common Stock A 1862 Acquired 35784 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2015-02-12 Common Stock Option $67.08 A 8020 Acquired 2022-02-12 Common Stock (8020) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Restricted Stock Units $0 2016-01-21 Common Stock (1054) 1054 Direct
Restricted Stock Units $0 2017-01-20 Common Stock (2145) 2145 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
Common Stock Option $38.80 2020-02-20 Common Stock (17100) 17100 Direct
Common Stock Option $50.32 2021-02-27 Common Stock (9665) 9665 Direct

Footnotes

F1: Total ownership includes 4,344 shares of restricted stock.

F2: Restricted Stock Units were awarded on 1/21/2014 under the Company's Long-Term 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 2013 annual incentive compensation in restricted stock units in lieu of cash.

F3: Restricted Stock Units were awarded on 1/20/2015 under the Company's Long-Term 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 2014 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 grant, provided the holder remains in the employ of the Company. Date entered reflects date on which first installment vests(ed).