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PITNEY BOWES INC /DE/ Director's Dealing 2005

Dec 21, 2005

31710_dirs_2005-12-21_fa2f82d3-e11f-40e7-8da5-fcbe0c223003.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2005-12-15

Reporting Person: De Palma Vincent (EVP & President, PBMS)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 6000 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option $43.1700 2015-07-10 Common Stock (25000.0000) Direct