Deluxe (DLX) Form 3 DELUXE / Kristopher D Lazzaretti ownership change

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).
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