SEC Form 4 · accession 0001562180-16-002748
PITNEY BOWES INC /DE/ · PBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark F Wright
Officer — Exec VP & Pres PB Commerce So
Period of report
Jul 1, 2016
Accepted (ET)
Jul 5, 2016 · 9:44 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000078814
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 1, 2016 | M | 6,626 | $0.00 | A | 59,514 | D | |
| Common Stock | Jul 1, 2016 | F | 2,780 | $17.805 | D | 56,734 | D | |
| Common Stock | Jul 1, 2016 | M | 5,252 | $0.00 | A | 61,986 | D | |
| Common Stock | Jul 1, 2016 | F | 2,204 | $17.805 | D | 59,782 | D | |
| Common Stock | Jul 1, 2016 | M | 2,993 | $0.00 | A | 62,775 | D | |
| Common Stock | Jul 1, 2016 | F | 1,256 | $17.805 | D | 61,519 | D |
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,F2 | — | Jul 1, 2016 | M | 5,252 | D | Jul 1, 2016 | Apr 30, 2023 | Common Stock | 5,252 | 0 | D |
| Restricted Stock UnitsF1,F3 | — | Jul 1, 2016 | M | 2,993 | D | Jul 1, 2016 | Feb 9, 2024 | Common Stock | 2,993 | 0 | D |
| Restricted Stock UnitsF1,F4 | — | Jul 1, 2016 | M | 6,626 | D | Jul 1, 2016 | Feb 8, 2025 | Common Stock | 6,626 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Pitney Bowes stock.
- F2All of the remaining outstanding restricted stock units previously granted to the reporting person on May 1, 2013 vested in connection with the reporting persons employment termination as an officer of the Company as a result of a sale of business, and such vested restricted stock units settled for shares of the Company common stock.
- F3All of the remaining outstanding restricted stock units previously granted to the reporting person on February 10, 2014 vested in connection with the reporting persons employment termination as an officer of the Company as a result of a sale of business and such vested restricted stock units settled for shares of the Company common stock.
- F4All of the remaining outstanding restricted stock units previously granted to the reporting person on February 9, 2015 vested in connection with the reporting persons employment termination as an officer of the Company as a result of a sale of business and such vested restricted stock units settled for shares of the Company common stock.