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

Feb 6, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2014-02-04

Reporting Person: Green Steven J (VP Finance & CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-04	Common Stock	M	752	—	Acquired	20975.3999	Direct
2014-02-04	Common Stock	F	306	$24.74	Disposed	20669.3999	Direct
2014-02-04	Common Stock	M	1820	—	Acquired	22489.3999	Direct
2014-02-04	Common Stock	F	770	$24.74	Disposed	21719.3999	Direct
2014-02-04	Common Stock	M	1184	—	Acquired	22903.3999	Direct
2014-02-04	Common Stock	F	501	$24.74	Disposed	22402.3999	Direct
2014-02-04	Common Stock	M	621	—	Acquired	23023.3999	Direct
2014-02-04	Common Stock	F	224	$24.74	Disposed	22799.3999	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-04	Restricted Stock Unit	$0	M	752	Disposed	2014-02-04	Common Stock (752)	Direct
2014-02-04	Restricted Stock Unit	$0	M	621	Disposed	2015-02-03	Common Stock (621)	Direct
2014-02-04	Restricted Stock Unit	$0	M	1184	Disposed	2016-02-02	Common Stock (1184)	Direct
2014-02-04	Restricted Stock Unit	$0	M	1820	Disposed	2017-02-07	Common Stock (1820)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7584.5056	Indirect
Common Stock	659	Indirect

Footnotes

F1: The third of four vesting traunches vested,leaving 621 shares to vest on 2/3/2015.

F2: The second of four vesting traunches vested, leaving 1,183 shares to vest on 2/3/2015 and 1,184 to vest on 2/2/2016.

F3: The first of four vesting traunches vested, leaving 1,819 shares to vest on 2/3/2015, 1,820 to vest on 2/2/2016 and 1,819 to vest on 2/7/2017.