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

Feb 11, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2016-02-11

Reporting Person: Lautenbach Marc Bradley (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-11	Common Stock	M	764.00	$0.00	Acquired	161035.8976	Direct
2016-02-11	Common Stock	F	764.00	$17.28	Disposed	160271.8976	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-11	Restricted Stock Units	$	M	764.00	Disposed		Common Stock (764.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Sstock	3370.6351	Indirect

Footnotes

F1: The vesting is to pay for Social Security and Medicare Taxes on the 2015 Grants that were deferred.

F2: Each unit represents a contingent right to receive one share of Pitney Bowes common stock.

F3: Each unit represents a contingent right to receive one share of Pitney Bowes common stock that will vest in three (3) equal annual installments.