PITNEY BOWES INC /DE/ — Director's Dealing 2016

May 10, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2016-05-09

Reporting Person: ALVARADO LINDA G (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-09	Restricted Stock Units	$	A	5485.00	Acquired		Common Stock (5485.00)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Pitney Bowes stock.

F2: Each unit represents a contingent right to receive one share of Pitney Bowes common stock that will cliff vest 100% in one year.