PITNEY BOWES INC /DE/ — Director's Dealing 2018

Mar 7, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2018-03-06

Reporting Person: Shearer Mark (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-06	Common Stock	M	5153.00	$0.00	Acquired	94001.7053	Direct
2018-03-06	Common Stock	F	1615.00	$12.74	Disposed	92386.7053	Direct
2018-03-06	Common Stock	M	13171.00	$0.00	Acquired	105557.7053	Direct
2018-03-06	Common Stock	F	4128.00	$12.74	Disposed	101429.7053	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-06	Restricted Stock Units	$	M	5153.00	Disposed		Common Stock (5153.00)	Direct
2018-03-06	Restricted Stock Units	$	M	13171.00	Disposed		Common Stock (13171.00)	Direct

Footnotes

F1: The settlement of these restricted stock units has been accelerated on the effective date of the reporting person's retirement from the issuer pursuant to the terms of the reporting person's Restricted Stock Unit Agreement with the issuer.

F2: Each unit represents a contingent right to receive one share of Pitney Bowes common stock.