DELUXE CORP — Director's Dealing 2020

Feb 20, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2020-02-18

Reporting Person: Reed Michael Aaron (SVP, GM, Payments)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-18	Restricted Stock Units	$	A	5584	Acquired		Common Stock (5584)	Direct
2020-02-18	Common Stock Option	$39.62	A	25964	Acquired	2030-02-18	Common Stock (25964)	Direct

Footnotes

F1: Restricted stock units granted under the Company's Long-Term Incentive Plan, subject to the following schedule: 3,060 units will vest in three equal amounts on each of the first three anniversaries of the date of grant, and 2,524 units will vest in four equal amounts on each of the first four 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.

F2: Options will 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.