X0202 4 2006-05-03 0000027996 DELUXE CORP DLX 0001218163 TREFF DOUGLAS J 3680 VICTORIA STREET N. SHOREVIEW MN 55126 0 1 0 0 Sr. Vice President and CFO Common Stock 2006-05-03 4 M 0 60485 16.42 A 106840 D Common Stock 2006-05-03 4 S 0 1300 23.07 D 105540 D Common Stock 2006-05-03 4 S 0 1500 23.08 D 104040 D Common Stock 2006-05-03 4 S 0 5600 23.09 D 98440 D Common Stock 2006-05-03 4 S 0 10200 23.10 D 88240 D Common Stock 2006-05-03 4 S 0 4100 23.11 D 84140 D Common Stock 2006-05-03 4 S 0 1600 23.12 D 82540 D Common Stock 2006-05-03 4 S 0 1000 23.13 D 81540 D Common Stock 2006-05-03 4 S 0 25985 23.14 D 55555 D Common Stock 2006-05-03 4 S 0 900 23.15 D 54655 D Common Stock 2006-05-03 4 S 0 2500 23.16 D 52155 D Common Stock 2006-05-03 4 S 0 400 23.17 D 51755 D Common Stock 2006-05-03 4 S 0 600 23.18 D 51155 D Common Stock 2006-05-03 4 S 0 400 23.19 D 50755 D Common Stock 2006-05-03 4 S 0 1100 23.20 D 49655 D Common Stock 2006-05-03 4 S 0 1100 23.21 D 48555 D Common Stock 2006-05-03 4 S 0 700 23.25 D 47855 D Common Stock 2006-05-03 4 S 0 100 23.26 D 47755 D Common Stock 2006-05-03 4 S 0 1400 23.50 D 46355 D Restricted Stock Units 0 2007-01-25 Common Stock 8465 8465 D Common Stock Option 16.42 2006-05-03 4 M 0 60485 0 D 2001-10-26 2010-10-26 Common Stock 60485 0 D Common Stock Option 47.67 2003-03-14 2009-03-14 Common Stock 36000 36000 D Common Stock Option 38.54 2004-03-10 2010-03-10 Common Stock 36000 36000 D Common Stock Option 42.35 2005-05-04 2011-05-04 Common Stock 5400 5400 D Common Stock Option 39.63 2006-04-27 2012-04-27 Common Stock 5670 5670 D Common Stock Option 26.58 2007-02-14 2013-02-14 Common Stock 39200 39200 D Includes 24,705 shares of restricted stock. 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. 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 exercisable reflects date on which first installment vests(ed). The options exercised by the reporting person were subject to accelerated expiration in the event of resignation by the reporting person, and as previously reported to the SEC via a Form 8-K, the reporting person announced that he would be resigning from the Company, effective as of May 5, 2006. Anthony C. Scarfone as Power of Attorney for Douglas J. Treff 2006-05-05