DELUXE CORP — Director's Dealing 2020

Feb 21, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2020-02-19

Reporting Person: van Houwelingen Ronald (VP, Corporate Controller)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Common Stock (9437)		Direct
Common Stock Option	$39.62	2030-02-18	Common Stock (18546)		Direct

Footnotes

F1: Restricted stock units granted under the Company's Long-Term Incentive Plan, subject to the following schedule: 4,843 units will vest in three equal amounts on each of the first three anniversaries of July 15 2019; 1,439 units will vest in three equal amounts on each of the first three anniversaries of February 18, 2020; and 3,155 units will vest in four equal amounts on each of the first four anniversaries of February 18, 2020. Upon vesting, each unit is converted into a share of common stock. Subject to certain exceptions, vesting is contingent upon continued employment.

F2: Options will vest in four equal installments on the four succeeding anniversaries of February 18, 2020, provided the holder remains an employee of the Company. Date entered reflects date on which first installment vests.