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

Feb 23, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2018-02-21

Reporting Person: Guidotti Robert (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-21	Common Stock	M	627.00	$0.00	Acquired	4032.00	Direct
2018-02-21	Common Stock	F	627.00	$12.21	Disposed	3405.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-21	Restricted Stock Units	$	M	627.00	Disposed		Common Stock (627.00)	Direct

Footnotes

F1: The vesting is to pay for Social security and Medicare taxes for the deferred 2016 and 2017 Grants.

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

F3: Each unit represents a contingent right to receive one share of Pitney Bowes common stock that will vest in three (3) equal annual installments.