SEC Form 4 · accession 0000027996-16-000087
DELUXE CORP · DLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Julie M Loosbrock
Officer — Sr. V.P., Human Resources
Period of report
May 10, 2016
Accepted (ET)
May 12, 2016 · 6:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000027996
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 10, 2016 | M | 6,800 | $38.80 | A | 24,458 | D | |
| Common Stock | May 10, 2016 | M | 3,006 | $50.32 | A | 27,464 | D | |
| Common Stock | May 10, 2016 | F | 7,576 | $64.41 | D | 19,888 | D | |
| Common StockF1 | May 11, 2016 | S | 2,230 | $63.75 | D | 17,658 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock OptionF4 | $38.80 | May 10, 2016 | M | 6,800 | D | Feb 20, 2014 | Feb 20, 2020 | Common Stock | 6,800 | 0 | D |
| Common Stock OptionF4 | $50.32 | May 10, 2016 | M | 3,006 | D | Feb 27, 2015 | Feb 27, 2021 | Common Stock | 3,006 | 1,504 | D |
| Restricted Stock UnitsF2 | $0.00 | holding | — | — | — | — | Jan 20, 2017 | Common Stock | 400 | 400 | D |
| Restricted Stock UnitsF3 | $0.00 | holding | — | — | — | — | Jan 25, 2018 | Common Stock | 739 | 739 | D |
| Common Stock OptionF4 | $67.08 | holding | — | — | — | Feb 12, 2016 | Feb 12, 2022 | Common Stock | 4,812 | 4,812 | D |
| Common Stock OptionF4 | $54.30 | holding | — | — | — | Feb 17, 2017 | Feb 17, 2023 | Common Stock | 9,997 | 9,997 | D |
Explanation of responses
- F1Total ownership includes 3,961 shares of restricted stock.
- F2Restricted Stock Units were awarded on 1/20/15 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 2014 annual incentive compensation in restricted stock units in lieu of cash.
- F3Restricted Stock Units were awarded on 1/25/16 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 2015 annual incentive compensation in restricted stock units in lieu of cash.
- F4Options 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).