PITNEY BOWES INC /DE/ — Director's Dealing 2015

Feb 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2015-02-03

Reporting Person: Pilc Roger J (Exec VP & Chief Innov Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-03	Common Stock	M	4325	—	Acquired	9534.2459	Direct
2015-02-03	Common Stock	F	1667	$22.57	Disposed	7867.2459	Direct
2015-02-03	Common Stock	M	3461	—	Acquired	11328.2459	Direct
2015-02-03	Common Stock	F	1151	$22.57	Disposed	10177.2459	Direct
2015-02-03	Common Stock	M	1994	—	Acquired	12171.2459	Direct
2015-02-03	Common Stock	F	679	$22.57	Disposed	11492.2459	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-03	Restricted Stock Unit	$0	M	4325	Disposed		Common Stock (4325)	Direct
2015-02-03	Restricted Stock Unit	$0	M	3461	Disposed		Common Stock (3461)	Direct
2015-02-03	Restricted Stock Unit	$0	M	1994	Disposed		Common Stock (1994)	Direct

Footnotes

F1: The last of two vesting traunches vested.

F2: The second of four vesting traunches vested, leaving 3,460 shares to vest on 2/2/2016 and 3,460 to vest on 2/7/2017.

F3: The first of three vesting traunches vested, leaving 1,994 shares to vest on 2/2/2016 and 1,995 to vest on 2/7/2017.