DELUXE CORP — Director's Dealing 2018

Jan 26, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2018-01-25

Reporting Person: McRoberts Malcolm (Senior Vice President, SBS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-25	Common Stock	M	2226	—	Acquired	34899	Direct
2018-01-25	Common Stock	F	1097	$73.51	Disposed	33802	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-25	Restricted Stock Units	$0	M	2226	Disposed	2018-01-25	Common Stock (2226)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0	2019-01-24	Common Stock (798)	798	Direct
Common Stock Option	$38.80	2020-02-20	Common Stock (21900)	21900	Direct
Common Stock Option	$50.32	2021-02-27	Common Stock (12372)	12372	Direct
Common Stock Option	$67.08	2022-02-12	Common Stock (12832)	12832	Direct
Common Stock Option	$54.30	2023-02-17	Common Stock (26356)	26356	Direct
Common Stock Option	$75.61	2024-02-23	Common Stock (14083)	14083	Direct

Footnotes

F1: Vesting and conversion into shares on a one-for-one basis of restricted stock units awarded on 1/25/16 under the Company's Long Term Incentive Plan. Award of units resulted from an election by executive to receive certain 2015 annual incentive compensation in restricted stock units in lieu of cash.

F2: Total ownership includes 10,302 shares of restricted stock.

F3: Restricted Stock Units were awarded on 1/25/16 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 2015 annual incentive compensation in restricted stock units in lieu of cash.

F4: 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.

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).