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DELUXE CORP — Director's Dealing 2018
Jun 6, 2018
32349_dirs_2018-06-06_8d9644a6-5be1-4959-93b7-3c18d4d72af5.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: 2018-06-04
Reporting Person: SCHRAM LEE J (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-06-04 | Common Stock | S | 500 | $68.00 | Disposed | 275372 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $0 | 2020-01-19 | Common Stock (11406) | 11406 | 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 |
| Common Stock Option | $73.21 | 2025-02-21 | Common Stock (81480) | 81480 | Direct |
Footnotes
F1: The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 16, 2018.
F2: Shares were sold in multiple transactions at prices ranging from $68.00 to $68.02. 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.
F3: Total ownership includes 49,461 shares of restricted stock.
F4: Restricted Stock Units were awarded on 1/19/18 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 2017 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 the date of grant, provided the holder remains an employee of the Company. Date entered reflects date on which first installment vests(ed).