0001562180-17-000560.txt : 20170208 0001562180-17-000560.hdr.sgml : 20170208 20170208133154 ACCESSION NUMBER: 0001562180-17-000560 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170206 FILED AS OF DATE: 20170208 DATE AS OF CHANGE: 20170208 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: Shearer Mark CENTRAL INDEX KEY: 0001574685 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-03579 FILM NUMBER: 17581836 MAIL ADDRESS: STREET 1: 1 ELMCROFT ROAD CITY: STAMFORD STATE: CT ZIP: 06926 4 1 primarydocument.xml PRIMARY DOCUMENT X0306 4 2017-02-06 false 0000078814 PITNEY BOWES INC /DE/ PBI 0001574685 Shearer Mark 3001 SUMMER STREET STAMFORD CT 06926 false true false false Exec VP & Pres SMB Mail Sol Common Stock 2017-02-07 4 M false 34585.00 0.00 D 74425.7001 D Common Stock 2017-02-07 4 F false 12139.00 13.17 D 62286.7001 D Restricted Stock Units 2017-02-06 4 A false 19757.00 13.16 A Common Stock 19757.00 60989.00 D Performance Stock Units 2017-02-06 4 A false 59271.00 13.16 A Common Stock 59271.00 148044.00 D Stock Option 2017-02-06 4 A false 130000.00 0.00 A 2018-02-06 2027-02-06 Common Stock 130000.00 221873.00 D Restricted Stock Units 0.00 2017-02-07 4 M false 9104.00 0.00 D 2017-02-07 Common Stock 9104.00 0.00 D Restricted Stock Units 0.00 2017-02-07 4 M false 5186.00 0.00 D 2017-02-07 Common Stock 5186.00 0.00 D Performance Stock Units 0.00 2017-02-07 4 M false 20295.00 0.00 D 2017-02-07 Common Stock 20295.00 0.00 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 over a three year period on the second Tuesday in February. 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 6, 2017 which was $13.16. The final vesting of the four traunches vested. The final vesting of the three traunches vested. Vesting of performance awards due to the pre-established performance standards being met. Laurie Bellocchio - POA Mark Shearer 2017-02-08