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: Timko Joseph H (EVP/Chief Strategy& Innovation)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-05	Common Stock	M	2000	—	Acquired	7836.2685	Direct
2013-02-05	Common Stock	F	788	$13.295	Disposed	7048.2685	Direct
2013-02-05	Common Stock	M	1414	—	Acquired	8462.2685	Direct
2013-02-05	Common Stock	F	557	$13.295	Disposed	7905.2685	Direct
2013-02-05	Common Stock	M	1199	—	Acquired	9104.2685	Direct
2013-02-05	Common Stock	F	416	$13.295	Disposed	8688.2685	Direct
2013-02-05	Common Stock	M	1860	—	Acquired	10548.2685	Direct
2013-02-05	Common Stock	F	732	$13.295	Disposed	9816.2685	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-05	Restricted Stock Unit	$0	M	2000	Disposed	2013-02-05	Common Stock (2000)	Direct
2013-02-05	Restricted Stock Unit	$0	M	1414	Disposed	2014-02-04	Common Stock (1414)	Direct
2013-02-05	Restricted Stock Unit	$0	M	1199	Disposed	2015-02-03	Common Stock (1199)	Direct
2015-02-03	Restricted Stock Unit	$0	M	1860	Disposed	2016-02-02	Common Stock (1860)	Direct

Footnotes

F1: The third of four vesting traunches has vested leaving 1,415 shares yet to vest on 2/4/2014.

F2: The second of four vesting traunches has vested leaving 1,198 shares to vest on 2/4/2014 and 1,199 to vest on 2/3/2015.

F3: The first of four vesting traunches has vested leaving 1,860 shares to vest on 2/4/2014, 1,860 to vest on 2/3/2015 and 1,860 to vest on 2/2/2016.