Form: 3

Initial statement of beneficial ownership of securities

February 20, 2020

Documents

SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES


Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
van Houwelingen Ronald
(Last) (First) (Middle)
3680 VICTORIA STREET N
(Street)
SHOREVIEW MN 55126
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
02/19/2020 		3. Issuer Name and Ticker or Trading Symbol
DELUXE CORP [ DLX ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, Corporate Controller
 5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) (1) Common Stock 9,437 0 D
Common Stock Option(2) 02/18/2021 02/18/2030 Common Stock 18,546 39.62 D
Explanation of Responses:
1. 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.
2. 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.
Remarks:
Exhibit 24: Power of Attorney Attached.
/s/ Jeffrey L. Cotter as Power of Attorney 02/20/2020
** Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.