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: Goldstein Daniel J (EVP/Chief Legal & Compliance)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-04	Common Stock	M	4693	—	Acquired	15984.0698	Direct
2014-02-04	Common Stock	F	1887	$24.74	Disposed	14097.0698	Direct
2014-02-04	Common Stock	M	2199	—	Acquired	16296.0698	Direct
2014-02-04	Common Stock	F	813	$24.74	Disposed	15483.0698	Direct
2014-02-04	Common Stock	M	4638	—	Acquired	20121.0698	Direct
2014-02-04	Common Stock	F	1698	$24.74	Disposed	18423.0698	Direct
2014-02-04	Common Stock	M	1319	—	Acquired	19742.0698	Direct
2014-02-04	Common Stock	F	488	$24.74	Disposed	19254.0698	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-04	Restricted Stock Unit	$0	M	4638	Disposed	2014-02-04	Common Stock (4638)	Direct
2014-02-04	Restricted Stock Unit	$0	M	1319	Disposed	2015-02-03	Common Stock (1319)	Direct
2014-02-04	Restricted Stock Unit	$0	M	2199	Disposed	2016-02-02	Common Stock (2199)	Direct
2014-02-04	Restricted Stock Unit	$0	M	4693	Disposed	2017-02-07	Common Stock (4693)	Direct

Footnotes

F1: The third of four vesting traunches vested, leaving 1,318 to vest on 2/3/2015.

F2: The second of four vesting traunches vested, leaving 2,198 to vest on 2/3/2015 and 2,198 to vest on 2/2/2016.

F3: The first of four vesting traunches,vested leaving 4,694 shares to vest on 2/3/2015, 4,693 to vest on 2/2/2016 and 4,693 to vest on 2/7/2017.