DELUXE CORP — Director's Dealing 2015

Jan 30, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2015-01-29

Reporting Person: Godich Peter J (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-29	Common Stock	S	6000	$64.19	Disposed	1094	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13362	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Option	$25.45	2019-02-16	Common Stock (4100)	4100	Direct
Common Stock Option	$38.80	2020-02-20	Common Stock (7900)	7900	Direct
Comon Stock Option	$50.32	2021-02-27	Common Stock (4510)	4510	Direct

Footnotes

F1: The shares were sold in multiple transactions at prices ranging from $64.14 to $64.32. 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 selling range.

F2: Total ownership includes 1,158 shares of restricted stock.

F3: 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).