0001562180-17-000566.txt : 20170208
0001562180-17-000566.hdr.sgml : 20170208
20170208133252
ACCESSION NUMBER: 0001562180-17-000566
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: SUTULA STANLEY J III
CENTRAL INDEX KEY: 0001629897
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-03579
FILM NUMBER: 17581842
MAIL ADDRESS:
STREET 1: IBM CORPORATION
STREET 2: ONE NEW ORCHARD ROAD
CITY: ARMONK
STATE: NY
ZIP: 10504
4
1
primarydocument.xml
PRIMARY DOCUMENT
X0306
4
2017-02-06
false
0000078814
PITNEY BOWES INC /DE/
PBI
0001629897
SUTULA STANLEY J III
3001 SUMMER STREET
STAMFORD
CT
06926
false
true
false
false
Exec. VP & Chief Fin'l Officer
Restricted Stock Units
2017-02-06
4
A
false
22796.00
13.16
A
Common Stock
22796.00
22796.00
D
Performance Stock Units
2017-02-06
4
A
false
68389.00
13.16
A
Common Stock
68389.00
68389.00
D
Stock Option
2017-02-06
4
A
false
150000.00
0.00
A
2018-02-06
2027-02-06
Common Stock
150000.00
150000.00
D
Restricted Stock Units
2017-02-06
4
A
false
22796.00
13.16
A
Common Stock
22796.00
45593.00
D
Performance Stock Units
2017-02-06
4
A
false
68389.00
13.16
A
Common Stock
68389.00
136778.00
D
Stock Option
2017-02-06
4
A
false
150000.00
0.00
A
2018-02-06
2027-02-06
Common Stock
150000.00
300000.00
D
Restricted Stock Units
2017-02-06
4
A
false
189970.00
13.16
A
Common Stock
189970.00
235562.00
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.
Each unit represents a contingent right to receive one share of Pitney Bowes common stock that will vest 1/3 per year over three years on second Tuesday in February 2018, 2019, 2020.
PSUs cliff vest 100% second Tuesday in February 2020.
Each unit represents a contingent right to receive one share of Pitney Bowes common stock that will vest 40% on second Tuesday in February 2018, 40% on second Tuesday in February 2019 and 20% second Tuesday in February 2020.
Laurie Bellocchio - POA for Stanley J. Sutula, III
2017-02-08