0001562180-16-001598.txt : 20160210 0001562180-16-001598.hdr.sgml : 20160210 20160210163855 ACCESSION NUMBER: 0001562180-16-001598 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160208 FILED AS OF DATE: 20160210 DATE AS OF CHANGE: 20160210 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PITNEY BOWES INC /DE/ CENTRAL INDEX KEY: 0000078814 STANDARD INDUSTRIAL CLASSIFICATION: OFFICE MACHINES, NEC [3579] IRS NUMBER: 060495050 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: PITNEY BOWES INC STREET 2: 3001 SUMMER STREET CITY: STAMFORD STATE: CT ZIP: 06926-0700 BUSINESS PHONE: 203-356-5000 MAIL ADDRESS: STREET 1: 3001 SUMMER STREET CITY: STAMFORD STATE: CT ZIP: 06926-0700 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: TORSONE JOHNNA G CENTRAL INDEX KEY: 0001204540 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-03579 FILM NUMBER: 161406230 MAIL ADDRESS: STREET 1: 1 ELMCROFT RD CITY: STAMFORD STATE: CT ZIP: 06926 4 1 primarydocument.xml PRIMARY DOCUMENT X0306 4 2016-02-08 false 0000078814 PITNEY BOWES INC /DE/ PBI 0001204540 TORSONE JOHNNA G 3001 SUMMER STREET STAMFORD CT 06926 false true false false EVP/Chief HR Officer Common Stock 2016-02-09 4 M false 2517.00 0.00 A 59617.00 D Common Stock 2016-02-09 4 F false 998.00 16.79 D 58619.00 D Common Stock 829.3281 I by 401(k) Common Stock 7000.00 I Owned by Spouse Restricted Stock Units 2016-02-08 4 A false 6778.00 16.82 A Common Stock 6778.00 20721.00 D Performance Stock Units 2016-02-08 4 A false 20333.00 16.82 A Common Stock 20333.00 58637.00 D Stock Option 2016-02-08 4 A false 40283.00 0.00 A 2017-02-08 2026-02-08 Common Stock 40283.00 55774.00 D Restricted Stock Units 0.00 2016-02-09 4 M false 2517.00 0.00 A 2016-02-09 Common Stock 2517.00 5036.00 D Each unit represents a contingent right to receive one share of Pitney Bowes common stock. Each unit represents a contingent right to receive one share of Pitney Bowes common stock that will vest in three (3) equal annual installments. Each performance stock unit represents a contingent right to receive Pitney Bowes common stock based upon pre-determined performance factors. The 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. The grant price for the stock option was calculated at 100% of the closing price on February 8, 2016 which was $16.82 The first of three vesting traunches vested, leaving 2,518 to vest on 2/14/2017 and 2,518 to vest on 2/13/2018. Laurie Bellocchio - POA for Johnna Torsone 2016-02-10