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: TORSONE JOHNNA G (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-02	Common Stock	M	1928.00	$0.00	Acquired	53780.00	Direct
2016-02-02	Common Stock	F	645.00	$17.28	Disposed	53135.00	Direct
2016-02-02	Common Stock	M	4116.00	$0.00	Acquired	57251.00	Direct
2016-02-02	Common Stock	F	1632.00	$17.28	Disposed	55619.00	Direct
2016-02-02	Common Stock	M	2273.00	$0.00	Acquired	57892.00	Direct
2016-02-02	Common Stock	F	792.00	$17.28	Disposed	57100.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-02	Restricted Stock Unit	$0.00	M	1928.00	Disposed		Common Stock (1928.00)	Direct
2016-02-02	Restricted Stock Unit	$0.00	M	4116.00	Disposed		Common Stock (4116.00)	Direct
2016-02-02	Restricted Stock Unit	$0.00	M	2273.00	Disposed		Common Stock (2273.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	829.3281	Indirect
Common Stock	7000.00	Indirect

Footnotes

F1: The last of four traunches vested.

F2: The third off four vesting traunches vested, leaving 4,115 to vest on 2/7/2017.

F3: The second of three vesting traunches vested, leaving 2,275 to vest on 2/7/2017.