PITNEY BOWES INC /DE/ — Director's Dealing 2021

Feb 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2021-02-09

Reporting Person: Dies Jason (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-09	Common Stock	M	64682.00	$0.00	Acquired	128835.0411	Direct
2021-02-09	Common Stock	F	21067.00	$0.00	Disposed	107768.0411	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-09	Restricted Stock Unit	$	M	5274.00	Disposed		Common Stock (5274.00)	Direct
2021-02-09	Performance Stock Units	$	M	27531.00	Disposed		Common Stock (27531.00)	Direct
2021-02-09	Restricted Stock Unit	$	M	10101.00	Disposed		Common Stock (10101.00)	Direct
2021-02-09	Restricted Stock Units	$	M	21776.00	Disposed		Common Stock (21776.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11087.724	Indirect

Footnotes

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

F2: The third vesting of the three traunches vesting.

F3: Each performance stock unit represents a contingent right to receive Pitney Bowes common stock based upon pre-determined performance factors.

F4: 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 financial performance, the resulting number of shares released can range from zero to a maximum of 200% of grant.

F5: The second vesting of the three traunches vesting.

F6: The first vesting of the three traunches vesting.