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: MARTIN MURRAY D (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-05	Common Stock	M	11995	—	Acquired	148936.0936	Direct
2013-02-05	Common Stock	F	4085	$13.295	Disposed	144851.0936	Direct
2013-02-05	Common Stock	M	13439	—	Acquired	158290.0936	Direct
2013-02-05	Common Stock	F	4576	$13.295	Disposed	153714.0936	Direct
2013-02-05	Common Stock	M	11387	—	Acquired	165101.0936	Direct
2013-02-05	Common Stock	F	3878	$13.295	Disposed	161223.0936	Direct
2013-02-05	Common Stock	M	17756	—	Acquired	178979.0936	Direct
2013-02-05	Common Stock	F	6045	$13.295	Disposed	172934.0936	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-05	Restricted Stock Unit	$0	M	11995	Disposed	2013-02-05	Common Stock (11995)	Direct
2013-02-05	Restricted Stock Unit	$0	M	13439	Disposed	2014-02-04	Common Stock (13439)	Direct
2013-02-05	Restricted Stock Unit	$0	M	11387	Disposed	2015-02-03	Common Stock (11387)	Direct
2013-02-05	Restricted Stock Unit	$0	M	17756	Disposed	2016-02-02	Common Stock (17756)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1018.6054	Indirect
Common Stock	38560	Indirect

Footnotes

F1: The third of four vesting traunches has vested leaving 13,439 shares yet to vest on 2/4/2014.

F2: The second of four vesting traunches has vested leaving 11,388 shares to vest on 2/4/2014 and 11,387 to vest on 2/3/2015.

F3: The first of four vesting traunches has vested leaving 17,756 shares to vest on 2/4/2014, 17,755 to vest on 2/3/2015 and 17,756 to vest on 2/2/2016.