SEC Form 4 · accession 0000027996-18-000017
DELUXE CORP · DLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Michael Schroeder
Officer — SVP, General Counsel & Secy
Period of report
Jan 25, 2018
Accepted (ET)
Jan 26, 2018 · 4:12 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 StockF1 | Jan 25, 2018 | M | 442 | — | A | 3,916 | D | |
| Common StockF2 | Jan 25, 2018 | F | 220 | $73.51 | D | 3,696 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3 | $0.00 | Jan 25, 2018 | M | 442 | D | — | Jan 25, 2018 | Common Stock | 442 | 0 | D |
| Restricted Stock UnitsF4 | $0.00 | holding | — | — | — | — | Jan 24, 2019 | Common Stock | 520 | 520 | D |
| Common Stock OptionF5 | $58.93 | holding | — | — | — | Jul 7, 2015 | Jul 7, 2021 | Common Stock | 554 | 554 | D |
| Common Stock OptionF5 | $67.08 | holding | — | — | — | Feb 12, 2016 | Feb 12, 2022 | Common Stock | 1,069 | 1,069 | D |
| Common Stock OptionF5 | $54.30 | holding | — | — | — | Feb 17, 2017 | Feb 17, 2023 | Common Stock | 9,088 | 9,088 | D |
| Common Stock OptionF5 | $75.61 | holding | — | — | — | Feb 23, 2018 | Feb 23, 2024 | Common Stock | 5,828 | 5,828 | D |
Explanation of responses
- F1Vesting and conversion into shares on a one-for-one basis of restricted stock units awarded on 1/25/16 under the Company's Long Term Incentive Plan. Award of units resulted from an election by executive to receive certain 2015 annual incentive compensation in restricted stock units in lieu of cash.
- F2Total ownership includes 2,971 shares of restricted stock.
- 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.
- F4Restricted Stock Units were awarded on 1/24/17 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 2016 annual incentive compensation in restricted stock units in lieu of cash.
- F5Options vest in three equal installments on the three succeeding anniversary dates of grant, provided the holder remains in the employ of the Company. Date entered reflects date on which first installment vests(ed).