DELUXE CORP — Director's Dealing 2019

Jan 24, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2019-01-22

Reporting Person: Bush Keith A (Sr. Vice President, CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-22	Restricted Stock Units	$0	A	6052	Acquired	2021-01-22	Common Stock (6052)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9851	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Option	$72.17	2024-03-31	Common Stock (20678)	20678	Direct
Common Stock Option	$73.21	2025-02-21	Common Stock (19172)	19172	Direct

Footnotes

F1: Total ownership includes 6,870 shares of restricted stock.

F2: 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.

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).