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

Apr 10, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2012-04-09

Reporting Person: Timko Joseph H (EVP& Chf Tech& Strat Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-09	Restricted Stock Units	$0.0000	A	2905.0000	Acquired		Common Stock (2905.0000)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Pitney Bowes common stock.

F2: The Restricted Stock Units have a 3 year cliff vesting.