DELUXE CORP — Director's Dealing 2017

Mar 1, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2017-02-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-27	Comon Stock	F	24012	$75.79	Disposed	278639	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Option	$25.59	2018-02-16	Common Stock (54200)	54200	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
Common Stock Option	$50.32	2021-02-27	Common Stock (64435)	64435	Direct
Common Stock Option	$67.08	2022-02-12	Common Stock (64162)	64162	Direct
Common Stock Option	$54.30	2023-02-17	Common Stock (127238)	127238	Direct
Common Stock Option	$75.61	2024-02-23	Common Stock (77700)	77700	Direct

Footnotes

F1: Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock. Total ownership includes 52,228 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).