SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Lazzaretti Kristopher D

(Last) (First) (Middle)
801 MARQUETTE AVE. S.

(Street)
MINNEAPOLIS MN 55401

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2023
3. Issuer Name and Ticker or Trading Symbol
DELUXE CORP [ DLX ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, Data Solutions
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 14,480.35 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit (1) 02/15/2026 Common Stock 10,230 $0 D
Common Stock Option 04/01/2020(2) 04/01/2029 Common Stock 8,547 $44.69 D
Restricted Stock Unit (3) 02/16/2026 Common Stock 4,625 $0 D
Common Stock Option 03/01/2022(2) 03/01/2031 Common Stock 5,208 $41.27 D
Restricted Stock Unit (4) 02/18/2024 Common Stock 852 $0 D
Restricted Stock Unit (5) 03/01/2025 Common Stock 1,696 $0 D
Common Stock Option 02/18/2021(2) 02/18/2030 Common Stock 20,030 $39.62 D
Restricted Stock Unit (6) 02/15/2025 Common Stock 826 $0 D
Explanation of Responses:
1. Restricted stock units granted under the Company's Stock Incentive Plan that vest in equal one-third increments on each of 2/15/2024, 2/15/2025, and 2/15/2026. Upon vesting, each unit is converted into a share of common stock. Subject to certain exceptions, vesting is contingent upon continued employment.
2. Options vest in four equal installments on the four 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.
3. Restricted stock units granted under the Company's Long-Term Incentive Plan that vest in equal one-third increments on each of 2/16/2024, 2/16/2025, and 2/16/2026. Upon vesting, each unit is converted into a share of common stock. Subject to certain exceptions, vesting is contingent upon continued employment.
4. Restricted stock units granted under the Company's Long-Term Incentive Plan that vest on 2/18/2024. Upon vesting, each unit is converted into a share of common stock. Subject to certain exceptions, vesting is contingent upon continued employment.
5. Restricted stock units granted under the Company's Long-Term Incentive Plan that vest in equal one-half increments on each of 3/1/2024 and 3/1/2025. Upon vesting, each unit is converted into a share of common stock. Subject to certain exceptions, vesting is contingent upon continued employment.
6. Restricted stock units granted under the Company's Long-Term Incentive Plan that vest in equal one-half increments on each of 2/15/2024 and 2/15/2025. Upon vesting, each unit is converted into a share of common stock. Subject to certain exceptions, vesting is contingent upon continued employment.
Remarks:
/s/ Ruth M. Timm, Attorney-in-Fact 07/03/2023
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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