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: KOHNSTAMM ABBY F (Exec VP & Chief Marketing Ofcr)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-03	Common Stock	M	1994	—	Acquired	19096.3199	Direct
2015-02-03	Common Stock	F	738	$22.57	Disposed	18358.3199	Direct
2015-02-03	Common Stock	M	15955	—	Acquired	34313.3199	Direct
2015-02-03	Common Stock	F	5899	$22.57	Disposed	28414.3199	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-03	Restricted Stock Unit	$0	M	1994	Disposed		Common Stock (1994)	Direct
2015-02-03	Restricted Stock Unit	$0	M	15955	Disposed		Common Stock (15955)	Direct

Footnotes

F1: 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.

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