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: Green Steven J (VP Finance & CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-03	Common Stock	M	621	—	Acquired	23420.399	Direct
2015-02-03	Common Stock	F	230	$22.57	Disposed	23190.399	Direct
2015-02-03	Common Stock	M	1183	—	Acquired	24373.399	Direct
2015-02-03	Common Stock	F	438	$22.57	Disposed	23935.399	Direct
2015-02-03	Common Stock	M	1819	—	Acquired	25754.399	Direct
2015-02-03	Common Stock	F	665	$22.57	Disposed	25089.399	Direct
2015-02-03	Common Stock	M	1047	—	Acquired	26136.399	Direct
2015-02-03	Common Stock	F	388	$22.57	Disposed	25748.399	Direct
2015-02-03	Common Stock	M	6889	—	Acquired	32637.399	Direct
2015-02-03	Common Stock	F	2729	$22.57	Disposed	29908.399	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-03	Restricted Stock Unit	$0	M	621	Disposed		Common Stock (621)	Direct
2015-02-03	Restricted Stock Unit	$0	M	1183	Disposed		Common Stock (1183)	Direct
2015-02-03	Restricted Stock Unit	$0	M	1819	Disposed		Common Stock (1819)	Direct
2015-02-03	Restricted Stock Unit	$0	M	1047	Disposed		Common Stock (1047)	Direct
2015-02-03	Market Stock Unit	$0	M	6889	Disposed		Common Stock (6889)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7805.6427	Indirect
Common Stock	659	Indirect

Footnotes

F1: The last of four vesting traunches vested.

F2: The third of four vesting traunches vested leaving 1,184 shares to vest on 2/2/2016.

F3: The second of four vesting traunches vested, leaving 1,820 shares to vest on 2/2/2016 and 1,819 to vest on 2/7/2017.

F4: The first of three vesting traunches vested, leaving 1,047 shares to vest on 2/2/2016 and 1,047 to vest on 2/7/2017.

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