SEC Form 4 · accession 0000027996-16-000112
DELUXE CORP · DLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee J Schram
Officer — Chief Executive Officer · Director
Period of report
Nov 11, 2016
Accepted (ET)
Nov 15, 2016 · 4:19 pm EST
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 | Nov 11, 2016 | M | 54,200 | $25.59 | A | 332,358 | D | |
| Common Stock | Nov 11, 2016 | M | 66,600 | $18.28 | A | 398,958 | D | |
| Common Stock | Nov 11, 2016 | F | 81,488 | $66.38 | D | 317,470 | D | |
| Common StockF2,F3 | Nov 14, 2016 | S | 39,312 | $66.43 | D | 278,158 | 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 | $18.28 | Nov 11, 2016 | M | 66,600 | D | Feb 17, 2011 | Feb 17, 2017 | Common Stock | 66,600 | 0 | D |
| Common Stock OptionF4 | $25.59 | Nov 11, 2016 | M | 54,200 | D | Feb 16, 2012 | Feb 16, 2018 | Common Stock | 54,200 | 54,200 | D |
| Common Stock OptionF4 | $25.45 | holding | — | — | — | Feb 16, 2013 | Feb 16, 2019 | Common Stock | 106,000 | 106,000 | D |
| Common Stock OptionF4 | $38.80 | holding | — | — | — | Feb 20, 2014 | Feb 20, 2020 | Common Stock | 95,800 | 95,800 | D |
| Common Stock OptionF4 | $50.32 | holding | — | — | — | Feb 27, 2015 | Feb 27, 2021 | Common Stock | 64,435 | 64,435 | D |
| Common Stock OptionF4 | $67.08 | holding | — | — | — | Feb 12, 2016 | Feb 12, 2022 | Common Stock | 64,162 | 64,162 | D |
| Common Stock OptionF4 | $54.30 | holding | — | — | — | Feb 17, 2017 | Feb 17, 2023 | Common Stock | 127,238 | 127,238 | D |
Explanation of responses
- F1The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2016.
- F2Shares were sold in multiple transactions at prices ranging from $65.97 to $67.03. The price reported is the weighted average sale price. The reporting person will provide to the issuer, a security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each price within the selling range.
- F3Total ownership includes 82,710 shares of restricted stock.
- 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).