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: Shearer Mark (Exec VP & Pres SMB Mail Sol)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-03	Common Stock	M	9104	—	Acquired	25146.9416	Direct
2015-02-03	Common Stock	F	3232	$22.57	Disposed	21914.9416	Direct
2015-02-03	Common Stock	M	5185	—	Acquired	27099.9416	Direct
2015-02-03	Common Stock	F	1766	$22.57	Disposed	25333.9416	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-03	Restricted Stock Unit	$0	M	9104	Disposed		Common Stock (9104)	Direct
2015-02-03	Restricted Stock Unit	$0	M	5185	Disposed		Common Stock (5185)	Direct

Footnotes

F1: The second of four vesting traunches vested, leaving 9,103 shares to vest on 2/2/2016 and 9,104 to vest on 2/7/2017.

F2: The first of three vesting traunches vested, leaving 5,185 shares to vest on 2/2/2016 and 5,186 to vest on 2/7/2017.