PITNEY BOWES INC /DE/ — Director's Dealing 2013

Feb 13, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2013-02-11

Reporting Person: Lautenbach Marc Bradley (President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-11	Restricted Stock Units	$	A	115523	Acquired		Common Stock (115523)	Direct
2013-02-11	Stock Option	$	A	400000	Acquired	2023-02-10	Common Stock (400000)	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 vest in four equal annual installments.

F3: The stock option grant vests in four annual installments 2-11-2014; 2-11-2015; 2-11-2016 and 2-11-2017.

F4: The Grant price for the stock option was calculated at 160% of the closing price on February 11, 2013 which was $13.85.