PITNEY BOWES INC /DE/ — Director's Dealing 2009

Aug 18, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2009-08-14

Reporting Person: Dobson David C (EVP & President, PBMS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-08-14	Common Stock	A	1231	$21.62	Acquired	6231	Direct

Footnotes

F1: Acquisition in connection with the vesting of the cash Performance Award granted under the Pitney Bowes Inc. Key Employees Incentive Plan which at the Company's discretion, was partially settled in shares of common stock.