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

Feb 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2020-02-19

Reporting Person: Christoph Stehmann (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-19	Common Stock	M	976.00	$0.00	Acquired	11853.3176	Direct
2020-02-19	Common Stock	F	976.00	$3.995	Disposed	10877.9176	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-19	Restricted Stock Units	$	M	976.00	Disposed		Common Stock (976.00)	Direct

Footnotes

F1: The vesting is to pay for Social Security and Medicare Taxes on the 2017, 2018 and 2019 Grants that were deferred.

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.