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: Green Steven J (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-02	Common Stock	M	1184.00	$0.00	Acquired	31092.3999	Direct
2016-02-02	Common Stock	F	501.00	$17.28	Disposed	30591.3999	Direct
2016-02-02	Common Stock	M	1820.00	$0.00	Acquired	32411.3999	Direct
2016-02-02	Common Stock	F	770.00	$17.28	Disposed	31641.3999	Direct
2016-02-02	Common Stock	M	1047.00	$0.00	Acquired	32688.3999	Direct
2016-02-02	Common Stock	F	443.00	$17.28	Disposed	32245.3999	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-02	Restricted Stock Unit	$0.00	M	1184.00	Disposed		Common Stock (1184.00)	Direct
2016-02-02	Restricted Stock Unit	$0.00	M	1820.00	Disposed		Common Stock (1820.00)	Direct
2016-02-02	Restricted Stock Unit	$0.00	M	1047.00	Disposed		Common Stock (1047.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8085.3278	Indirect
Common Stock	659.00	Indirect

Footnotes

F1: The last of four traunches vested.

F2: The third off four vesting traunches vested, leaving 1,819 to vest on 2/7/2017.

F3: The second of three vesting traunches vested, leaving 1,047 to vest on 2/7/2017.