Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Catapano Joseph Ronald
2. Date of Event Requiring Statement (Month/Day/Year)
08/04/2017
3. Issuer Name and Ticker or Trading Symbol
PITNEY BOWES INC /DE/ [PBI]
(Last)
(First)
(Middle)
3001 SUMMER STREET
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
VP, Chief Accounting Officer
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

STAMFORD, CT 06926
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 4,425.0298
D
 
Common Stock 978.9332
I
401(k)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units   (2)   (2) Common Stock 217 $ (1) D  
Restricted Stock Units   (2)   (2) Common Stock 389 $ (1) D  
Restricted Stock Units   (2)   (2) Common Stock 3,258 $ (1) D  
Performance Stock Units   (4)   (4) Common Stock 834 $ (3) D  
Performance Stock Units   (4)   (4) Common Stock 1,748 $ (3) D  
Performance Stock Units   (4)   (4) Common Stock 1,396 $ (3) D  
Stock Options 02/11/2009(5) 02/10/2018 Common Stock 2,425 $ 36.96 D  
Stock Options 02/09/2010(6) 02/08/2019 Common Stock 3,956 $ 24.75 D  
Stock Options 02/08/2011(6) 02/07/2020 Common Stock 4,379 $ 22.09 D  
Stock Options 02/14/2012(6) 02/13/2021 Common Stock 3,486 $ 26.07 D  
Stock Options 02/14/2017(6) 02/07/2026 Common Stock 3,463 $ 16.82 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Catapano Joseph Ronald
3001 SUMMER STREET
STAMFORD, CT 06926
      VP, Chief Accounting Officer  

Signatures

/s/ Laurie Bellocchio - POA for Joseph R. Catapano 08/11/2017
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Each restricted stock unit represents a contingent right to receive one share of Pitney Bowes stock.
(2) The restricted stock units vest in three equal annual installments.
(3) Each performance stock unit represents a contingent right to receive Pitney Bowes common stock based upon pre-determined performance factors.
(4) 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.
(5) The stock option grant vest in four equal annual installments.
(6) The stock option grant vest in three equal annual installments.

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