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: Goldstein Daniel J (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-02	Common Stock	M	2198.00	$0.00	Acquired	37866.9468	Direct
2016-02-02	Common Stock	F	793.00	$17.28	Disposed	37073.9468	Direct
2016-02-02	Common Stock	M	4693.00	$0.00	Acquired	41766.9468	Direct
2016-02-02	Common Stock	F	1967.00	$17.28	Disposed	39799.9468	Direct
2016-02-02	Common Stock	M	2592.00	$0.00	Acquired	42391.9468	Direct
2016-02-02	Common Stock	F	935.00	$17.28	Disposed	41456.9468	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-02	Restricted Stock Unit	$0.00	M	2198.00	Disposed		Common Stock (2198.00)	Direct
2016-02-02	Restricted Stock Unit	$0.00	M	4693.00	Disposed		Common Stock (4693.00)	Direct
2016-02-02	Restricted Stock Unit	$0.00	M	2592.00	Disposed		Common Stock (2592.00)	Direct

Footnotes

F1: The last of four traunches vested.

F2: The third off four vesting traunches vested, leaving 4,693 to vest on 2/7/2017.

F3: The second of three vesting traunches vested, leaving 2,594 to vest on 2/7/2017.