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: Engelhardt Tracey G (SVP, Direct-to-Consumer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-04-01	Restricted Stock Units	$0	A	1846	Acquired		Common Stock (1846)	Direct
2019-04-01	Common Stock Option	$44.69	A	10684	Acquired	2029-04-01	Common Stock (10684)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12208.59	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0	2020-01-19	Common Stock (715)	715	Direct
Restricted Stock Units	$0	2021-01-22	Common Stock (1845)	1845	Direct
Common Stock Option	$38.80	2020-02-20	Common Stock (6800)	6800	Direct
Common Stock Option	$50.32	2021-02-27	Common Stock (3866)	3866	Direct
Common Stock Option	$67.08	2022-02-12	Common Stock (3208)	3208	Direct
Common Stock Option	$54.30	2023-02-17	Common Stock (6362)	6362	Direct
Common Stock Option	$75.61	2024-02-23	Common Stock (3885)	3885	Direct
Common Stock Option	$73.21	2025-02-21	Common Stock (4793)	4793	Direct

Footnotes

F1: Total ownership includes 948 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: Restricted Stock Units were awarded on 1/22/19 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 2018 annual incentive compensation in restricted stock units in lieu of cash.

F4: Restricted Stock Units awarded on 4/1/19 under the Company's Long-Term Incentive Plan, subject to the following vesting schedule: 1,119 units will vest in four equal amounts on each of the first four anniversaries of the date of grant, and 727 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.

F5: Options vest in three equal installments on the three succeeding anniversary dates of the date of grant, provided the holder remains in the employ of the Company. Date entered reflects date on which first installment vests(ed).

F6: Options vest in four equal installments on the four succeeding anniversary dates of the date of grant, provided the holder remains in the employ of the Company. Date entered reflects date on which first installment vests(ed).