SEC Form 4 · accession 0001562180-18-000654

· PBI

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

Reporting owner

Officer — EVP & Pres. of SMB Solutions

Period of report

Feb 5, 2018

Accepted (ET)

Feb 6, 2018 · 5:09 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 5, 2018	A	15,823	A	—	—	Common Stock	15,823	65,035	D
Performance Stock Units^F3,F4	—	Feb 5, 2018	A	47,468	A	—	—	Common Stock	47,468	53,523	D
Stock Option^F5	—	Feb 5, 2018	A	80,972	A	Feb 5, 2019	Feb 5, 2028	Common Stock	80,972	153,328	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 5, 2018 which was $12.64.