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: Monahan Michael (EVP Finance and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-03	Common Stock	M	3116	—	Acquired	67648.1226	Direct
2015-02-03	Common Stock	F	1516	$22.57	Disposed	66132.1226	Direct
2015-02-03	Common Stock	M	4396	—	Acquired	70528.1226	Direct
2015-02-03	Common Stock	F	1533	$22.57	Disposed	68995.1226	Direct
2015-02-03	Common Stock	M	9387	—	Acquired	78382.1226	Direct
2015-02-03	Common Stock	F	3197	$22.57	Disposed	75185.1226	Direct
2015-02-03	Common Stock	M	5185	—	Acquired	80370.1226	Direct
2015-02-03	Common Stock	F	1766	$22.57	Disposed	78604.1226	Direct
2015-02-03	Common Stock	M	25586	—	Acquired	104190.1226	Direct
2015-02-03	Common Stock	F	8837	$22.57	Disposed	95353.1226	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-03	Restricted Stock Unit	$0	M	3116	Disposed		Common Stock (3116)	Direct
2015-02-03	Restricted Stock Unit	$0	M	4396	Disposed		Common Stock (4396)	Direct
2015-02-03	Restricted Stock Unit	$0	M	9387	Disposed		Common Stock (9387)	Direct
2015-02-03	Restricted Stock Unit	$0	M	5185	Disposed		Common Stock (5185)	Direct
2015-02-03	Market Stock Unit	$0	M	25586	Disposed		Common Stock (25586)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9865.3027	Indirect

Footnotes

F1: The last of four vesting traunches.

F2: The third of four vesting traunches vested, leaving 4,397 shares to vest on 2/2/2016.

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

F4: 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.

F5: The MSUs were granted on 2/3/2012 and have a three year cliff vesting.