DELUXE CORP — Director's Dealing 2016

Mar 3, 2016

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: DELUXE CORP (DLC)
CIK: 0000027996
Period of Report: 2016-03-01

Reporting Person: Schroeder J Michael (SVP, General Counsel & Secy)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2346	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0	2018-01-25	Common Stock (442)		Direct
Common Stock Option	$58.93	2021-07-07	Common Stock (554)		Direct
Common Stock Option	$67.08	2022-02-12	Common Stock (1069)		Direct
Common Stock Option	$54.30	2023-02-17	Common Stock (9088)		Direct

Footnotes

F1: Represents 2,346 shares of restricted stock.

F2: Restricted Stock Units were awarded on 1/25/2016 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 2015 annual incentive compensation in restricted stock units in lieu of cash.

F3: 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).