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Director's Dealing 2014

Jul 2, 2014

31710_dirs_2014-07-02_464f289f-9b32-4116-90c9-581df2932cb0.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2014-07-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-01	Common Stock	M	26738	—	Acquired	26738	Direct
2014-07-01	Common Stock	F	9886	$27.535	Disposed	16852	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-07-01	Restricted Stock Unit	$0	M	26738	Disposed	2023-06-30	Common Stock (26738)	Direct

Footnotes

F1: 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 had a one year cliff vesting on July 1, 2014.