PITNEY BOWES INC /DE/ — Director's Dealing 2017

Feb 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2017-02-14

Reporting Person: Shearer Mark (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-14	Common Stock	M	10894.00	$0.00	Acquired	73180.7001	Direct
2017-02-14	Common Stock	F	3742.00	$13.33	Disposed	69438.7001	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-14	Restricted Stock Units	$	M	5742.00	Acquired		Common Stock (5742.00)	Direct
2017-02-14	Restricted Stock Units	$	M	5152.00	Acquired		Common Stock (5152.00)	Direct

Footnotes

F1: Each unit represents a contingent right to receive one share of Pitney Bowes common stock.

F2: The second vesting of the three trauches vesting.

F3: The first vesting of the three traunches vesting.