Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Green Steven J
  2. Issuer Name and Ticker or Trading Symbol
PITNEY BOWES INC /DE/ [PBI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP Finance & CAO
(Last)
(First)
(Middle)
WORLD HEADQUARTERS 1 ELMCROFT ROAD
3. Date of Earliest Transaction (Month/Day/Year)
02/04/2014
(Street)

STAMFORD, CT 06926
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/04/2014   M   752 A $ 0 20,975.3999 D  
Common Stock 02/04/2014   F   306 D $ 24.74 20,669.3999 D  
Common Stock 02/04/2014   M   1,820 A $ 0 22,489.3999 D  
Common Stock 02/04/2014   F   770 D $ 24.74 21,719.3999 D  
Common Stock 02/04/2014   M   1,184 A $ 0 22,903.3999 D  
Common Stock 02/04/2014   F   501 D $ 24.74 22,402.3999 D  
Common Stock 02/04/2014   M   621 A $ 0 23,023.3999 D  
Common Stock 02/04/2014   F   224 D $ 24.74 22,799.3999 D  
Common Stock               7,584.5056 I By 401(k) plan
Common Stock               659 I Owned by Spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit $ 0 02/04/2014   M     752 02/04/2014 02/04/2014 Common Stock 752 $ 0 0 D  
Restricted Stock Unit $ 0 02/04/2014   M     621 02/04/2014(1) 02/03/2015 Common Stock 621 $ 0 621 D  
Restricted Stock Unit $ 0 02/04/2014   M     1,184 02/04/2014(2) 02/02/2016 Common Stock 1,184 $ 0 2,367 D  
Restricted Stock Unit $ 0 02/04/2014   M     1,820 02/04/2014(3) 02/07/2017 Common Stock 1,820 $ 0 5,458 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Green Steven J
WORLD HEADQUARTERS 1 ELMCROFT ROAD
STAMFORD, CT 06926
      VP Finance & CAO  

Signatures

 Richard Martorana - POA for Steven J Green   02/05/2014
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The third of four vesting traunches vested,leaving 621 shares to vest on 2/3/2015.
(2) The second of four vesting traunches vested, leaving 1,183 shares to vest on 2/3/2015 and 1,184 to vest on 2/2/2016.
(3) The first of four vesting traunches vested, leaving 1,819 shares to vest on 2/3/2015, 1,820 to vest on 2/2/2016 and 1,819 to vest on 2/7/2017.

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