FORM 4 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 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 * TORSONE JOHNNA G   2. Issuer Name and Ticker or Trading Symbol PITNEY BOWES INC /DE/ [PBI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP/Chief HR Officer (Last) (First) (Middle) 3001 SUMMER STREET 3. Date of Earliest Transaction (Month/Day/Year) 02/03/2015 (Street) STAMFORD, CT 06926 4. If Amendment, Date Original Filed(Month/Day/Year) 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 Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 02/03/2015   M   1,318 A $ 0 39,576 D   Common Stock 02/03/2015   F   449 D $ 22.57 39,127 D   Common Stock 02/03/2015   M   1,927 A $ 0 41,054 D   Common Stock 02/03/2015   F   657 D $ 22.57 40,397 D   Common Stock 02/03/2015   M   4,115 A $ 0 44,512 D   Common Stock 02/03/2015   F   1,402 D $ 22.57 43,110 D   Common Stock 02/03/2015   M   2,273 A $ 0 45,383 D   Common Stock 02/03/2015   F   774 D $ 22.75 44,609 D   Common Stock 02/03/2015   M   11,218 A $ 0 55,827 D   Common Stock 02/03/2015   F   3,975 D $ 22.75 51,852 D   Common Stock               800.3437 I By 401(k)plan Common Stock               7,000 I Owned by Spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction 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 (Month/Day/Year)

7. Title and Amount of Underlying Securities (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

Restricted Stock Unit

$ 0

02/03/2015

M

1,318

02/03/2015(1)

(1)

Common Stock

1,318

$ 0

0

D

Restricted Stock Unit

$ 0

02/03/2015

M

1,927

02/03/2015(2)

(2)

Common Stock

1,927

$ 0

1,928

D

Restricted Stock Unit

$ 0

02/03/2015

M

4,115

02/03/2015(3)

(3)

Common Stock

4,115

$ 0

8,231

D

Restricted Stock Unit

$ 0

02/03/2015

M

2,273

02/03/2015(4)

(4)

Common Stock

2,273

$ 0

4,548

D

Market Stock Unit

$ 0

02/03/2015

M

11,218

02/03/2015(5)

(5)

Common Stock

11,218

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
TORSONE JOHNNA G 3001 SUMMER STREET STAMFORD, CT 06926			EVP/Chief HR Officer

Signatures

Laurie Bellocchio - POA for Johnna Torsone		02/05/2015
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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)	The third of four vesting traunches vested, leaving 1,318 shares yet to vest on 2/3/2015.
(2)	The second of four vesting traunches vested, leaving 1,927 shares to vest on 2/3/2015 and 1,928 to vest on 2/2/2016.
(3)	The first of four vesting traunches vested, leaving 4,115 shares to vest on 2/3/2015, 4,116 to vest on 2/2/2016 and 4,115 to vest on 2/7/2017.
(4)	The first of three vesting traunches vested leaving 2,273 shares to vest on 2/2/2016 and 2,275 shares to vest on 2/7/2017.
(5)	The MSUs were granted on 2/13/2012 and have a three year cliff vesting.

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