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

Feb 6, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2013-02-05

Reporting Person: Goldstein Daniel J (EVP/Chief Legal & Compliance)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-05	Common Stock	M	4639	—	Acquired	10532.0689	Direct
2013-02-05	Common Stock	F	1961	$13.295	Disposed	8571.0689	Direct
2013-02-05	Common Stock	M	1318	—	Acquired	9889.0689	Direct
2013-02-05	Common Stock	F	476	$13.295	Disposed	9413.0689	Direct
2013-02-05	Common Stock	M	2198	—	Acquired	11611.0689	Direct
2013-02-05	Common Stock	F	850	$13.295	Disposed	10761.0689	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-05	Restricted Stock Unit	$0	M	4639	Disposed	2014-02-04	Common Stock (4639)	Direct
2013-02-05	Restricted Stock Unit	$0	M	1318	Disposed	2015-02-03	Common Stock (1318)	Direct
2013-02-05	Restricted Stock Unit	$0	M	2198	Disposed	2016-02-02	Common Stock (2198)	Direct

Footnotes

F1: The second of three vesting traunches has vested leaving 4,638 shares yet to vest on 2/4/2014.

F2: The second of four vesting traunches has vested leaving 1,319 shares to vest on 2/4/2014 and 1,318 to vest on 2/3/2015.

F3: The first of four vesting traunches has vested leaving 2,199 shares to vest on 2/4/2014, 2,198 to vest on 2/3/2015 and 2,198 to vest on 2/2/2016.