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: Lautenbach Marc Bradley (President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-03	Common Stock	M	28881	—	Acquired	114259.0909	Direct
2015-02-03	Common Stock	F	9900	$22.57	Disposed	104359.0909	Direct
2015-02-03	Common Stock	M	17949	—	Acquired	122308.0909	Direct
2015-02-03	Common Stock	F	6481	$22.57	Disposed	115827.0909	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-03	Restricted Stock Unit	$0	M	28881	Disposed		Common Stock (28881)	Direct
2015-02-03	Restricted Stock Unit	$0	M	17949	Disposed		Common Stock (17949)	Direct

Footnotes

F1: The second of four vesting traunches vested, leaving 28,880 shares to vest on 2/2/2016 and 28,881 to vest on 2/7/2017.

F2: The first of three vesting traunches vested, leaving 17,949 shares to vest on 2/2/2016 and 17,951 to vest on 2/7/2017.