DELUXE CORP — Director's Dealing 2017

Jan 27, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2017-01-24

Reporting Person: Engelhardt Tracey G (VP, Direct-to-Consumer Segment)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-24	Common Stock	A	1081	—	Acquired	10113.59	Direct
2017-01-24	Common Stock	F	562	$73.63	Disposed	9551.59	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-24	Restricted Stock Units	$0	A	708	Acquired	2019-01-24	Common Stock (708)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0	2018-01-25	Common Stock (1137)	1137	Direct
Common Stock Option	$25.45	2019-02-16	Common Stock (1167)	1167	Direct
Common Stock Option	$26.31	2019-07-16	Common Stock (2680)	2680	Direct
Common Stock Option	$38.80	2020-02-20	Common Stock (6800)	6800	Direct
Common Stock Option	$50.32	2021-02-27	Common Stock (3866)	3866	Direct
Common Stock Option	$67.08	2022-02-12	Common Stock (3208)	3208	Direct
Common Stock Option	$54.30	2023-02-17	Common Stock (6362)	6362	Direct

Footnotes

F1: This award reflects the settlement of performance share units that were determined to vest based on the level of achievement of the specified performance targets.

F2: Total ownership includes 2,811 shares of restricted stock.

F3: Restricted Stock Units were awarded on 1/25/16 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.

F4: Restricted Stock Units were awarded on 1/24/17 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 2016 annual incentive compensation in restricted stock units in lieu of cash.

F5: 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).