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DELUXE CORP — Director's Dealing 2018
Jan 23, 2018
32349_dirs_2018-01-23_1a622281-d390-48ae-901e-649be973c8ad.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2018-01-19
Reporting Person: SCHRAM LEE J (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-01-19 | Common Stock | A | 14115 | — | Acquired | 292754 | Direct |
| 2018-01-19 | Common Stock | F | 6997 | $77.36 | Disposed | 285757 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-01-19 | Restricted Stock Units | $0 | A | 11406 | Acquired | 2020-01-19 | Common Stock (11406) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 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: This award reflects the settlement of performance share units that were determined to vest based on the level of achievement of the specified performance targets.
F2: Total ownership includes 52,228 shares of restricted stock.
F3: 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.
F4: 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).