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: Monahan Michael (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-02	Common Stock	M	4397.00	$0.00	Acquired	102063.0969	Direct
2016-02-02	Common Stock	F	1510.00	$17.28	Disposed	100553.0969	Direct
2016-02-02	Common Stock	M	9386.00	$0.00	Acquired	109939.0969	Direct
2016-02-02	Common Stock	F	3382.00	$17.28	Disposed	106557.0969	Direct
2016-02-02	Common Stock	M	5185.00	$0.00	Acquired	111742.0969	Direct
2016-02-02	Common Stock	F	1781.00	$17.28	Disposed	109961.0969	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-02	Restricted Stock Unit	$0.00	M	4397.00	Disposed		Common Stock (4397.00)	Direct
2016-02-02	Restricted Stock Unit	$0.00	M	9386.00	Disposed		Common Stock (9386.00)	Direct
2016-02-02	Restricted Stock Unit	$0.00	M	5185.00	Disposed		Common Stock (5185.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10222.5794	Indirect

Footnotes

F1: The second of four vesting traunches vested, leaving 4,396 shares to vest on 2/3/2015 and 4,397 shares to vest on 2/2/2016.

F2: The third off four vesting traunches vested, leaving 9,386 to vest on 2/7/2017.

F3: The second of three vesting traunches vested, leaving 5,186 to vest on 2/7/2017.