SEC Form 4 · accession 0001562180-18-001161

· PBI

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

Reporting owner

Officer — EVP/Chief Legal & Compliance

Period of report

Feb 21, 2018

Accepted (ET)

Feb 23, 2018 · 2:20 pm EST

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
Common Stock	Feb 21, 2018	M	590	$0.00	A	56,116	D
Common Stock	Feb 21, 2018	F	590	$12.21	D	55,526	D
Common Stock	Feb 21, 2018	M	106	$0.00	A	55,632	D
Common Stock	Feb 21, 2018	F	106	$12.21	D	55,526	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F3,F4	—	Feb 21, 2018	M	590	D	—	—	Common Stock	590	26,325	D
Performance Stock Units^F5,F6	—	Feb 21, 2018	M	106	D	—	—	Common Stock	106	3,005	D

F1The vesting is to pay for Social Security and Medicare Taxes on the 2015, 2016 and 2017 Grants that were deferred.
F2The vesting is to pay for Social Security and Medicare Taxes on the 2015 Grant that was deferred.
F3Each unit represents a contingent right to receive one share of Pitney Bowes common stock.
F4Each unit represents a contingent right to receive one share of Pitney Bowes common stock that will vest in three (3) equal annual installments.
F5Each performance stock unit represents a contingent right to receive Pitney Bowes common stock based upon pre-determined performance factors.
F6The 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.