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PITNEY BOWES INC /DE/ — Director's Dealing 2018
Feb 16, 2018
31710_dirs_2018-02-15_55420807-c803-4826-98b4-f03582c4ffc5.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: 2018-02-13
Reporting Person: Catapano Joseph Ronald (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-02-13 | Common Stock | M | 1722.00 | $0.00 | Acquired | 6288.7543 | Direct |
| 2018-02-13 | Common Stock | F | 633.00 | $0.00 | Disposed | 5655.7543 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-02-13 | Performance Stock Units | $ | M | 225.00 | Disposed | Common Stock (225.00) | Direct | |
| 2018-02-13 | Restricted Stock Units | $ | M | 1086.00 | Disposed | Common Stock (1086.00) | Direct | |
| 2018-02-13 | Restricted Stock Units | $ | M | 194.00 | Disposed | Common Stock (194.00) | Direct | |
| 2018-02-13 | Restricted Stock Units | $ | M | 217.00 | Disposed | Common Stock (217.00) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1010.1863 | Indirect |
Footnotes
F1: Represents 225 shares of performance stock units that vested on February 13, 2018 upon the satisfaction of pre-established performance standards. The remaining 1,497 shares represent the settlement of restricted stock units upon vesting of such units granted in February 2015, 2016 and 2017.
F2: Each unit represents a contingent right to receive one share of Pitney Bowes common stock.
F3: The performance stock units (PSUs) represent a contingent right to receive Pitney Bowes common stock with a 3 year cliff vesting. The shares that will vest are based on the pre-established performance standards set by the Board upon making each award, and could result in more of less shares being issued at the time of the vesting due to the pre-established performance standards. Depending on market-based and nonmarket-based factors, such as achievement of pre-established financial metrics, the resulting number of shares released can range from zero to 200% of the grant, subject to the per individual share grant limit imposed by the Stock Plan.
F4: The first vesting of three tranches vesting.
F5: The second vesting of three tranches vesting.
F6: The final vesting of three tranches vesting.