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PITNEY BOWES INC /DE/ Director's Dealing 2008

May 13, 2008

31710_dirs_2008-05-13_56547db0-d94f-4a2b-bbad-f5faeb13cfa9.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2008-05-12

Reporting Person: ALVARADO LINDA G (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-05-12 Common Stock A 2200 $37.285 Acquired 26428.2594 Direct

Footnotes

F1: Award of Restricted Stock under the Pitney Bowes Inc. Directors' Stock Plan.