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Director's Dealing 2014

Feb 6, 2014

31710_dirs_2014-02-06_cc55737c-e248-4e5d-806a-632597c58095.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: 2014-02-04

Reporting Person: Lautenbach Marc Bradley (President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-04	Common Stock	M	28881	—	Acquired	94881	Direct
2014-02-04	Common Stock	F	9900	$24.74	Disposed	84981	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-04	Restricted Stock Unit	$0	M	28881	Disposed	2017-02-07	Common Stock (28881)	Direct

Footnotes

F1: The first of four vesting traunches vested, leaving 28,881 shares to vest on 2/3/2015, 28,880 to vest on 2/2/2016 and 28,881 to vest on 2/7/2017.