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Director's Dealing 2018

Feb 23, 2018

31710_dirs_2018-02-23_f176cdb3-7e60-4fb9-92ac-bf65c3752cc6.zip

Director's Dealing

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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: Snyder Lila (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-21	Common Stock	M	51.00	$0.00	Acquired	18351.6356	Direct
2018-02-21	Common Stock	F	51.00	$12.21	Disposed	18300.6356	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-21	Restricted Stock Units	$	M	51.00	Disposed		Common Stock (51.00)	Direct

Footnotes

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

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.