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