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: TORSONE JOHNNA G (EVP/Chief HR Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-05	Common Stock	M	1389	—	Acquired	30011	Direct
2013-02-05	Common Stock	F	547	$13.295	Disposed	29464	Direct
2013-02-05	Common Stock	M	1556	—	Acquired	31020	Direct
2013-02-05	Common Stock	F	613	$13.295	Disposed	30407	Direct
2013-02-05	Common Stock	M	1318	—	Acquired	31725	Direct
2013-02-05	Common Stock	F	490	$13.295	Disposed	31235	Direct
2013-02-05	Common Stock	M	1928	—	Acquired	33163	Direct
2013-02-05	Common Stock	F	759	$13.295	Disposed	32404	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-05	Restricted Stock Unit	$0	M	1389	Disposed	2013-02-05	Common Stock (1389)	Direct
2013-02-05	Restricted Stock Unit	$0	M	1556	Disposed	2014-02-04	Common Stock (1556)	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	1928	Disposed	2016-02-02	Common Stock (1928)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	840.1699	Indirect
Common Stock	7000	Indirect

Footnotes

F1: The third of four vesting traunches has vested leaving 1,556 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 1,928 shares to vest on 2/4/2014, 1,927 to vest on 2/3/2015 and 1,928 to vest on 2/2/2016.