PITNEY BOWES INC /DE/ — Director's Dealing 2020

May 5, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2020-05-01

Reporting Person: ROTH MICHAEL ISOR (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-01	Common Stock	A	17301.00	$0.00	Acquired	53406.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-01	Restricted Stock Units	$	M	17301.00	Disposed		Common Stock (17301.00)	Direct
2020-05-04	Restricted Stock Units	$	A	33784.00	Acquired		Common Stock (33784.00)	Direct

Footnotes

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

F2: The RSUs were granted on May 1, 2019 and have a one year cliff vesting.

F3: Each unit represents a contingent right to receive one share of Pitney Bowes common stock that will cliff vest 100% in one year.