SCHRAM LEE J 4
4 · DELUXE CORP · Filed Feb 13, 2018
Insider Transaction Report
Form 4
DELUXE CORPDLX
SCHRAM LEE J
Chief Executive Officer
Transactions
- Tax Payment
Common Stock
2018-02-12$70.20/sh−7,328$514,426→ 278,429 total
Holdings
- 11,406
Restricted Stock Units
Exercise: $0.00Exp: 2020-01-19→ Common Stock (11,406 underlying) - 53,000
Common Stock Option
Exercise: $25.45From: 2013-02-16Exp: 2019-02-16→ Common Stock (53,000 underlying) - 95,800
Common Stock Option
Exercise: $38.80From: 2014-02-20Exp: 2020-02-20→ Common Stock (95,800 underlying) - 64,435
Common Stock Option
Exercise: $50.32From: 2015-02-27Exp: 2021-02-27→ Common Stock (64,435 underlying) - 64,162
Common Stock Option
Exercise: $67.08From: 2016-02-12Exp: 2022-02-12→ Common Stock (64,162 underlying) - 127,238
Common Stock Option
Exercise: $54.30From: 2017-02-17Exp: 2023-02-17→ Common Stock (127,238 underlying) - 77,700
Common Stock Option
Exercise: $75.61From: 2018-02-23Exp: 2024-02-23→ Common Stock (77,700 underlying)
Footnotes (3)
- [F1]Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock. Total ownership includes 37,335 shares of restricted stock.
- [F2]Restricted 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.
- [F3]Options 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).