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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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

McCarthy Barry C
2. Issuer Name and Ticker or Trading Symbol

DELUXE CORP [ DLX ]
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)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
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)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
McCarthy Barry C
3680 VICTORIA STREET N
SHOREVIEW, MN 55126
X
President and CEO

Signatures
Jeffrey L. Cotter as Power of Attorney for Barry C. McCarthy11/26/2019
**Signature of Reporting PersonDate

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