EILERS RONALD E 4

4 · DELUXE CORP · Filed Jan 27, 2005

Form 4

Period: 2005-01-25

President and COO

Transactions

Award
Restricted Stock Units
2005-01-25$35.44/sh+19,541$692,533→ 19,541 total
Exercise: $0.00Exp: 2007-01-25→ Common Stock (19,541 underlying)
Other
Restricted Stock Units
2005-01-26−2,154→ 0 total
Tax Payment
Common Stock
2005-01-26$35.61/sh−828$29,485→ 43,081.12 total
Other
Common Stock
2005-01-26+2,154→ 43,909.12 total

Holdings

Common Stock Option
Exercise: $47.67From: 2003-03-13Exp: 2009-03-13→ Common Stock (110,000 underlying)
110,000
Common Stock Option
Exercise: $38.54From: 2004-03-10Exp: 2010-03-10→ Common Stock (73,333 underlying)
73,333
Common Stock Option
Exercise: $42.35From: 2005-05-04Exp: 2011-05-04→ Common Stock (10,650 underlying)
10,650

Footnotes (4)

[F1]Vesting of restricted stock units awarded on 1/26/04 under the Company's Stock Incentive Plan. Award of units resulted from an election to receive a portion of the holder's 2003 incentive compensation in restricted stock units in lieu of cash.
[F2]Includes 2,170 shares of restricted stock.
[F3]Restricted stock units were awarded on 1/25/05 under the Company's Stock 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 election to receive a portion of the holder's 2004 incentive compensation in restricted stock units in lieu of cash. Acquisition price is based on the closing price of the Company's common stock on date of grant.
[F4]Options 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).

Documents

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