PITNEY BOWES INC /DE/ — Director's Dealing 2014

May 2, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2014-05-01

Reporting Person: Wright Mark F (Exec VP & Pres PB Commerce Sol)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-01	Common Stock	M	14006	—	Acquired	32678	Direct
2014-05-01	Common Stock	F	3831	$26.725	Disposed	28866.2962	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-01	Restricted Stock Unit	$0	M	14006	Disposed	2023-04-30	Common Stock (14006)	Direct

Footnotes

F1: The restricted stock units had a one year cliff vesting on May 1, 2014.