DELUXE CORP — Director's Dealing 2018

Feb 13, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2018-02-12

Reporting Person: Schroeder J Michael (SVP, General Counsel & Secy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-12	Common Stock	F	110	$70.20	Disposed	3586	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0	2019-01-24	Common Stock (520)	520	Direct
Common Stock Option	$58.93	2021-07-07	Common Stock (554)	554	Direct
Common Stock Option	$67.08	2022-02-12	Common Stock (1069)	1069	Direct
Common Stock Option	$54.30	2023-02-17	Common Stock (9088)	9088	Direct
Common Stock Option	$75.61	2024-02-23	Common Stock (5828)	5828	Direct

Footnotes

F1: Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock. Total ownership includes 2,723 shares of restricted stock.

F2: 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.

F3: 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).