Statement of Changes in Beneficial Ownership (4)
November 26 2019 - 5:29PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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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
*
McCarthy Barry C |
2. Issuer Name and Ticker or Trading Symbol
DELUXE CORP
[
DLX
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and CEO |
(Last)
(First)
(Middle)
3680 VICTORIA STREET N |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/26/2019 |
(Street)
SHOREVIEW, MN 55126
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 11/26/2019 | | M | | 16353 | A | (1) | 16353 | D | |
Common Stock | 11/26/2019 | | F | | 4923 (2) | D | $52.47 | 11430 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | $0 (3) | 11/26/2019 | | M | | | 16353 | (3) | 11/26/2021 | Common Stock | 16353 | $0 | 65413 | D | |
Restricted Stock Units | $0 (4) | | | | | | | (4) | 4/1/2022 | Common Stock | 13426 | | 13426 | D | |
Common Stock Option | $48.92 | | | | | | | 11/26/2019 (5) | 11/26/2025 | Common Stock | 235018 | | 235018 | D | |
Common Stock Option | $44.69 | | | | | | | 4/1/2020 (6) | 4/1/2029 | Common Stock | 128205 | | 128205 | D | |
Explanation of Responses: |
(1) | Vesting and conversion into shares on a one-for-one basis of restricted stock units awarded on 11/26/18 under the Company's Long Term Incentive Plan. |
(2) | Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock units. |
(3) | Restricted Stock Units were granted on 11/26/2018 under the Company's Long Term Incentive Plan. The units will vest 20% on the first anniversary, 40% on the second anniversary, and 40% on the third anniversary of the date of grant and be converted into common stock if, subject to certain exceptions, the holder remains in the employ of the Company through such dates. |
(4) | Restricted Stock Units were granted on 4/1/19 under the Company's Long Term Incentive Plan. The units will vest and be converted into common stock on each of the first, second and third anniversaries of the date of grant if, subject to certain exceptions, the holder remains in the employ of the Company through such date. |
(5) | Options vest 20% on the first anniversary, 40% on the second anniversary, and 40% on the third anniversary of the date of grant if, subject to certain exceptions, the holder remains in the employ of the Company through such dates. Date entered reflects date on which first installment vests(ed). |
(6) | Options vest in three equal installments on the three 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(ed). |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
McCarthy Barry C 3680 VICTORIA STREET N SHOREVIEW, MN 55126 | X |
| President and CEO |
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Signatures
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Jeffrey L. Cotter as Power of Attorney for Barry C. McCarthy | | 11/26/2019 |
**Signature of Reporting Person | Date |
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