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: Monahan Michael (EVP Finance and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-04	Common Stock	M	3395	—	Acquired	53104.0046	Direct
2014-02-04	Common Stock	F	1156	$24.74	Disposed	51948.0046	Direct
2014-02-04	Common Stock	M	9386	—	Acquired	61334.0046	Direct
2014-02-04	Common Stock	F	3312	$24.74	Disposed	58022.0046	Direct
2014-02-04	Common Stock	M	4397	—	Acquired	62419.0046	Direct
2014-02-04	Common Stock	F	1498	$24.74	Disposed	60921.0046	Direct
2014-02-04	Common Stock	M	3117	—	Acquired	64038.0046	Direct
2014-02-04	Common Stock	F	1062	$24.74	Disposed	62976.0046	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-04	Restricted Stock Unit	$0	M	3395	Disposed	2014-02-04	Common Stock (3395)	Direct
2014-02-04	Restricted Stock Unit	$0	M	3117	Disposed	2015-02-03	Common Stock (3117)	Direct
2014-02-04	Restricted Stock Unit	$0	M	4397	Disposed	2016-02-02	Common Stock (4397)	Direct
2014-02-04	Restricted Stock Unit	$0	M	9386	Disposed	2017-02-07	Common Stock (9386)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9585.6592	Indirect

Footnotes

F1: The third of four vesting traunches, vested leaving 3,116 shares to vest on 2/3/2015.

F2: The second of four vesting traunches vested, leaving 4,396 shares to vest on 2/3/2015 and 4,397 shares to vest on 2/2/2016.

F3: The first of four vesting traunches vested, leaving 9,387 shares to vest on 2/3/2015, 9,386 to vest on 2/2/2016 and 9,386 to vest on 2/7/2017.