UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___________)*
Printware, Inc.
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(Name of Issuer
Common Stock
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(Title of Class of Securities)
742580 10 3
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(CUSIP Number)
Check the following box if a fee is being paid with the statement [_X_]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SCHEDULE 13G
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CUSIP NO. 742580 10 3
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1. NAME OF REPORTING PERSON: Deluxe Corporation
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
41-0216800
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [__]
(b) [__]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
MINNESOTA
5. SOLE VOTING POWER
NUMBER OF 1,587,690
SHARES
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY -0-
EACH
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 1,587,690
WITH
8. SHARED DISPOSITIVE POWER
-0-
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,587,690
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[__]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
32.9
12. TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
ITEM 1(a). Name of Issuer
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Printware, Inc. (the "Issuer") Common Stock, no par value
ITEM 1(b). Address of Issuer's Principal Executive Offices
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1270 Eagan Industrial Road
St. Paul, MN 55121
ITEM 2(a). Name of Person Filing
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Deluxe Corporation
ITEM 2(b). Address of Principal Business Office
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3680 Victoria Street North
Shoreview, MN 55126
ITEM 2(c). Citizenship
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Organized in Minnesota
ITEM 2(d). Title of Class of Securities
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Common Stock, $0 par value
ITEM 2(e) CUSIP Number
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742580 10 3
ITEM 3. Identification
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ITEM 4. Ownership
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(a) Amount Beneficially Owned
1,587,690, including 5,000 shares receivable upon the
exercise of warrants that are currently or will become
exercisable within the next 60 days.
(b) Percent of Class
32.9
(c) Number of Shares as to Which Such Person Has:
(i) sole power to vote or to direct the vote
1,587,690
(ii) shared power to vote or to direct the vote
-0-
(iii) sole power to dispose or to direct the disposition
of
1,587,690
(iv) shared power to dispose or to direct the disposition
of
-0-
ITEM 5. Ownership of Five Percent or Less of a Class
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N/A
ITEM 6. Ownership of More than Five Percent on Behalf of Another Person
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ITEM 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company
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ITEM 8. Identification and Classification of Members of the Group
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ITEM 9. Notice of Dissolution of Group
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ITEM 10. Certification
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By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the Issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
Date: February 7, 1997 DELUXE CORPORATION
/s/ Charles M. Osborne
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By: Charles M. Osborne
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Its: Senior Vice President and
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and Chief Financial Officer
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