DELUXE CORP — Director's Dealing 2019

Jan 28, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2019-01-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-24	Common Stock	M	708	—	Acquired	13251.59	Direct
2019-01-24	Common Stock	F	336	$44.31	Disposed	12915.59	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-24	Restricted Stock Units	$0	M	708	Disposed	2019-01-24	Common Stock (708)	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: Vesting and conversion into shares on a one-for-one basis of restricted stock units awarded on 1/24/17 under the Company's Long Term Incentive Plan. Award of units resulted from an election by executive to receive certain 2016 annual incentive compensation in restricted stock units in lieu of cash.

F2: Total ownership includes 2,627 shares of restricted stock.

F3: 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.

F4: 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.

F5: 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.

F6: 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).