SEC Form 4 · accession 0001562180-17-000557

· PBI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP & Pres Software Solutions

Period of report

Feb 6, 2017

Accepted (ET)

Feb 8, 2017 · 1:30 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000078814

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F2	—	Feb 6, 2017	A	12,918	A	—	—	Common Stock	12,918	23,025	D
Performance Stock Units^F3,F4	—	Feb 6, 2017	A	38,754	A	—	—	Common Stock	38,754	69,075	D
Stock Option^F5	—	Feb 6, 2017	A	85,000	A	Feb 6, 2018	Feb 6, 2027	Common Stock	85,000	145,071	D

F1Each unit represents a contingent right to receive one share of Pitney Bowes common stock.
F2Each unit represents a contingent right to receive one share of Pitney Bowes common stock that will vest over a three year period on the second Tuesday in February.
F3Each performance stock unit represents a contingent right to receive Pitney Bowes common stock based upon pre-determined performance factors.
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.
F5The grant price for the stock option was calculated at 100% of the closing price on February 6, 2017 which was $13.16.