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: Wright Mark F (Exec VP & Pres. Dig. Com. Sol)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-03	Common Stock	M	5252	—	Acquired	36919.5727	Direct
2015-02-03	Common Stock	F	1437	$22.57	Disposed	35482.5727	Direct
2015-02-03	Common Stock	M	7978	—	Acquired	43460.5727	Direct
2015-02-03	Common Stock	F	2330	$22.57	Disposed	41130.5727	Direct
2015-02-03	Common Stock	M	2991	—	Acquired	44121.5727	Direct
2015-02-03	Common Stock	F	819	$22.57	Disposed	43302.5727	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-03	Restricted Stock Unit	$0	M	5252	Disposed		Common Stock (5252)	Direct
2015-02-03	Restricted Stock Unit	$0	M	7978	Disposed		Common Stock (7978)	Direct
2015-02-03	Restricted Stock Unit	$0	M	2991	Disposed		Common Stock (2991)	Direct

Footnotes

F1: The second of four vesting traunches vested, leaving 5,252 shares to vest on 2/2/2016 and 5,252 shares to vest on 2/7/2017.

F2: The RSUs were granted on 2/10/2014 and have a one year cliff vesting.

F3: The first of three vesting traunches vested, leaving 2,991 shares to vest on 2/2/2016 and 2,993 to vest on 2/7/2017.