SEC Form 4 · accession 0000027996-18-000079
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
Jun 4, 2018
Accepted (ET)
Jun 6, 2018 · 4:28 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 StockF2,F3 | Jun 4, 2018 | S | 500 | $68.00 | D | 275,372 | 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 UnitsF4 | $0.00 | holding | — | — | — | — | Jan 19, 2020 | Common Stock | 11,406 | 11,406 | D |
| Common Stock OptionF5 | $67.08 | holding | — | — | — | Feb 12, 2016 | Feb 12, 2022 | Common Stock | 64,162 | 64,162 | D |
| Common Stock OptionF5 | $54.30 | holding | — | — | — | Feb 17, 2017 | Feb 17, 2023 | Common Stock | 127,238 | 127,238 | D |
| Common Stock OptionF5 | $75.61 | holding | — | — | — | Feb 23, 2018 | Feb 23, 2024 | Common Stock | 77,700 | 77,700 | D |
| Common Stock OptionF5 | $73.21 | holding | — | — | — | Feb 21, 2019 | Feb 21, 2025 | Common Stock | 81,480 | 81,480 | D |
Explanation of responses
- F1The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 16, 2018.
- F2Shares were sold in multiple transactions at prices ranging from $68.00 to $68.02. 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 49,461 shares of restricted stock.
- F4Restricted Stock Units were awarded on 1/19/18 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 2017 annual incentive compensation in restricted stock units in lieu of cash.
- F5Options 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).