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

Jul 2, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2013-07-01

Reporting Person: KOHNSTAMM ABBY F (Exec VP & Chief Marketing Ofcr)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-07-01	Restricted Stock Units	$	A	26738	Acquired		Common Stock (26738)	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 (RSUs) were granted to the Reporting Person by the issuer as part of equity incentive grants made by the issuer on July 1, 2013 utilizing a fair market value (FMV) of a $14.96. The restricted stock units have a one year cliff vesting on July 1, 2014.