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: Godich Peter J (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-23	Common Stock	F	212	$73.81	Disposed	13619	Direct
2018-02-26	Common Stock	M	4510	$50.32	Acquired	18129	Direct
2018-02-26	Common Stock	M	7270	$54.30	Acquired	25399	Direct
2018-02-26	Common Stock	F	10077	$73.93	Disposed	15322	Direct
2018-02-26	Common Stock	S	1703	$73.93	Disposed	13619	Direct
2018-02-26	Common Stock	S	1383	$73.83	Disposed	12236	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-26	Comon Stock Option	$50.32	M	4510	Disposed	2021-02-27	Common Stock (4510)	Direct
2018-02-26	Common Stock Option	$54.30	M	7270	Disposed	2023-02-17	Common Stock (7270)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1094	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Option	$67.08	2022-02-12	Common Stock (5347)	5347	Direct
Common Stock Option	$75.61	2024-02-23	Common Stock (6313)	6313	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: Total ownership includes 4,032 shares of restricted stock.

F3: 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).