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

Feb 3, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Lautenbach Marc Bradley (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-02	Common Stock	M	28880.00	$0.00	Acquired	158476.8976	Direct
2016-02-02	Common Stock	F	9990.00	$17.28	Disposed	148486.8976	Direct
2016-02-02	Common Stock	M	17949.00	$0.00	Acquired	166435.8976	Direct
2016-02-02	Common Stock	F	6164.00	$17.28	Disposed	160271.8976	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-02	Restricted Stock Unit	$0.00	M	28880.00	Disposed		Common Stock (28880.00)	Direct
2016-02-02	Restricted Stock Unit	$0.00	M	17949.00	Disposed		Common Stock (17949.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3370.6351	Indirect

Footnotes

F1: The third off four vesting traunches vested, leaving 28,881 to vest on 2/7/2017.

F2: The second of three vesting traunches vested, leaving 17,951 to vest on 2/7/2017.