DELUXE CORP — Director's Dealing 2018

Feb 27, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2018-02-23

Reporting Person: Loosbrock Julie M (Sr. V.P., Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-23	Common Stock	F	168	$73.81	Disposed	12726	Direct
2018-02-27	Common Stock	M	3332	$54.30	Acquired	16058	Direct
2018-02-27	Common Stock	S	3332	$74.22	Disposed	12726	Direct
2018-02-27	Common Stock	S	871	$74.15	Disposed	11855	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-27	Common Stock Option	$54.30	M	3332	Disposed	2023-02-17	Common Stock (3332)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0	2019-01-24	Common Stock (298)	298	Direct
Restricted Stock Units	$0	2020-01-19	Common Stock (732)	732	Direct
Common Stock Option	$67.08	2022-02-12	Common Stock (1604)	1604	Direct
Common Stock Option	$75.61	2024-02-23	Common Stock (5828)	5828	Direct
Common Stock Option	$73.21	2025-02-21	Common Stock (6231)	6231	Direct

Footnotes

F1: Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock.

F2: Shares were sold in multiple transactions at prices ranging from $74.18 to $74.24. 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: Shares were sold in multiple transactions at prices ranging from $74.13 to $74.18. 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.

F4: Total ownership includes 3,812 shares of restricted stock.

F5: 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.

F6: 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.

F7: 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).