PITNEY BOWES INC /DE/ — Director's Dealing 2012

Dec 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2012-12-03

Reporting Person: Lautenbach Marc Bradley (President & Chief Executive Of)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-03	Stock Option	$	A	300000.0000	Acquired	2022-12-02	Common Stock (300000.0000)	Direct
2012-12-03	Stock Option	$	A	200000.0000	Acquired	2022-12-02	Common Stock (200000.0000)	Direct
2012-12-03	Stock Option	$	A	100000.0000	Acquired	2022-12-02	Common Stock (100000.0000)	Direct

Footnotes

F1: The grant price for the stock options was calculated at 145% of the closing price on December 3, 2012 which was $11.64.

F2: The stock option grant vest in four annual installments.

F3: The grant price for the stock options was calculated at 130% of the closing price on December 3, 2012 which was $11.64.

F4: The grant price for the stock option was calculated at 115% of the closing price on December 3,2012 which was $11.64.