SCHULTE RICHARD L 4

4 · DELUXE CORP · Filed Jan 27, 2005

Form 4

Period: 2005-01-25

Sr. V.P., President - SBS

Transactions

Other
Restricted Stock Units
[F1]
2005-01-26−868→ 0 total
Other
Common Stock
[F1]
2005-01-26+868→ 15,308 total
Tax Payment
Common Stock
[F2]
2005-01-26$35.61/sh−335$11,929→ 14,973 total
Award
Restricted Stock Units
[F3]
2005-01-25$35.44/sh+5,978$211,860→ 5,978 total
Exercise: $0.00Exp: 2007-01-25→ Common Stock (5,978 underlying)

Holdings

Common Stock Option
[F4]
Exercise: $22.91From: 1997-02-09Exp: 2006-02-09→ Common Stock (1,000 underlying)
1,000
Common Stock Option
[F4]
Exercise: $23.48From: 1998-01-31Exp: 2007-01-31→ Common Stock (4,000 underlying)
4,000
Common Stock Option
[F4]
Exercise: $25.20From: 1999-01-30Exp: 2008-01-31→ Common Stock (10,000 underlying)
10,000
Common Stock Option
[F4]
Exercise: $27.20From: 2000-01-29Exp: 2009-01-29→ Common Stock (10,000 underlying)
10,000
Common Stock Option
[F4]
Exercise: $20.00From: 2001-01-28Exp: 2010-01-28→ Common Stock (8,333 underlying)
8,333
Common Stock Option
[F4]
Exercise: $20.24From: 2002-01-26Exp: 2008-01-26→ Common Stock (25,000 underlying)
25,000
Common Stock Option
[F4]
Exercise: $47.67From: 2003-03-14Exp: 2009-03-14→ Common Stock (30,000 underlying)
30,000
Common Stock Option
[F4]
Exercise: $38.54From: 2004-03-10Exp: 2010-03-10→ Common Stock (30,000 underlying)
30,000
Common Stock Option
[F4]
Exercise: $42.35From: 2005-05-04Exp: 2011-05-04→ Common Stock (4,155 underlying)
4,155

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 267 shares acquired under the Company's Employee Stock Purchase Plan on August 2, 2004 and 854 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.

Signature

Anthony C. Scarfone as Power of Attorney for Richard L. Schulte|2005-01-27

Documents

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