Statement of Changes in Beneficial Ownership (4)
February 13 2020 - 11:09AM
Edgar (US Regulatory)
FORM 4
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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
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Snyder Lila |
2. Issuer Name and Ticker or Trading Symbol
PITNEY BOWES INC /DE/
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PBI
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Exec VP, Glbl Ecomm & Shipping |
(Last)
(First)
(Middle)
3001 SUMMER STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/11/2020 |
(Street)
STAMFORD, CT 06926
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 2/11/2020 | | M | | 30092.00 | A | $0.00 | 56267.6028 | D | |
Common Stock | 2/11/2020 | | F | | 10138.00 | D | $0.00 | 46129.6028 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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 |
Performance Stock Units | (1) | 2/11/2020 | | M | | | 11170.00 | (2) | (2) | Common Stock | 11170.00 | $0.00 | 0.00 | D | |
Restricted Stock Unit | (1) | 2/11/2020 | | M | | | 3546.00 | 2/11/2020 (3) | (3) | Common Stock | 3546.00 | $0.00 | 0.00 | D | |
Restricted Stock Unit | (1) | 2/11/2020 | | M | | | 5275.00 | 2/11/2020 (4) | (4) | Common Stock | 5275.00 | $0.00 | 5274.00 | D | |
Restricted Stock Unit | (1) | 2/11/2020 | | M | | | 10101.00 | 2/11/2020 (5) | (5) | Common Stock | 10101.00 | $0.00 | 20202.00 | D | |
Explanation of Responses: |
(1) | Each unit represents a contingent right to receive one share of Pitney Bowes common stock. |
(2) | 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 market-based and nonmarket-based factors, such as achievement of pre-established financial metrics, the resulting number of shares released can range from zero to 200% of the grant, subject to the per individual share grant limit imposed by the Stock Plan. |
(3) | The third vesting of the three traunches vesting. |
(4) | The second vesting of the three traunches vesting. |
(5) | The first vesting of the three traunches vesting. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Snyder Lila 3001 SUMMER STREET STAMFORD, CT 06926 |
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| Exec VP, Glbl Ecomm & Shipping |
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Signatures
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/s/ George Brereton - POA for Lila Snyder | | 2/13/2020 |
**Signature of Reporting Person | Date |
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