DELUXE CORP — Director's Dealing 2018

Feb 23, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2018-02-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-21	Common Stock	A	17416	—	Acquired	295845	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-21	Common Stock Option	$73.21	A	81480	Acquired	2025-02-21	Common Stock (81480)	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	$25.45	2019-02-16	Common Stock (53000)	53000	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: Total ownership includes 54,751 shares of restricted stock.

F2: 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.

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).