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

Feb 13, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2020-02-11

Reporting Person: Borrelle William A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-11	Common Stock	M	25414.00	$0.00	Acquired	57671.1994	Direct
2020-02-11	Common Stock	F	9708.00	$0.00	Disposed	47963.1994	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-11	Performance Stock Units	$	M	4488.00	Disposed		Common Stock (4488.00)	Direct
2020-02-11	Restricted Stock Unit	$	M	4987.00	Disposed		Common Stock (4987.00)	Direct
2020-02-11	Restricted Stock Unit	$	M	10383.00	Disposed		Common Stock (10383.00)	Direct
2020-02-11	Restricted Stock Unit	$	M	5556.00	Disposed		Common Stock (5556.00)	Direct

Footnotes

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

F2: 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.

F3: The third vesting of the three traunches vesting.

F4: The second vesting of the three traunches vesting.

F5: The first vesting of the three traunches vesting.