SEC Form 4 · accession 0001182489-15-000288
PITNEY BOWES INC /DE/ · PBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel J Goldstein
Officer — EVP/Chief Legal & Compliance
Period of report
Feb 9, 2015
Accepted (ET)
Feb 11, 2015 · 10:17 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000078814
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Feb 9, 2015 | A | 8,944 | A | — | — | Common Stock | 8,944 | 25,714 | D |
| Performance Stock UnitsF2,F4 | — | Feb 9, 2015 | A | 22,214 | A | — | — | Common Stock | 22,214 | 40,334 | D |
Explanation of responses
- F1Each unit represents a contingent right to receive one share of Pitney Bowes common stock.
- F2Each performance stock unit represents a contingent right to receive Pitney Bowes common stock based upon pre-determined performance factors.
- F3Each unit represents a contingent right to receive one share of Pitney Bowes common stock that will vest in three (3) equal annual installments beginning February 9, 2016.
- F4The 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.