DELUXE CORP — Director's Dealing 2019

Apr 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2019-04-01

Reporting Person: Godich Peter J (Senior Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-04-01	Restricted Stock Units	$0	A	5091	Acquired		Common Stock (5091)	Direct
2019-04-01	Common Stock Option	$44.69	A	22436	Acquired	2029-04-01	Common Stock (22436)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11424	Direct
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	$54.30	2023-02-17	Common Stock (7270)	3636	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: Total ownership includes 1,318 shares of restricted stock.

F2: Restricted stock units awarded on 4/1/19 under the Company's Long-Term Incentive Plan, subject to the following vesting schedule: 2,350 units will vest in four equal amounts on each of the first four anniversaries of the date of grant, and 2,741 units will vest in three equal amounts on each of the first three anniversaries of the date of grant. Upon vesting, each unit is converted into a share of common stock. Subject to certain exceptions, vesting is contingent upon continued employment.

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).

F4: Options vest in four equal installments on the four 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).