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 * Monahan Michael   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 Finance and CFO (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   3,116 A $ 0 67,648.1226 D   Common Stock 02/03/2015   F   1,516 D $ 22.57 66,132.1226 D   Common Stock 02/03/2015   M   4,396 A $ 0 70,528.1226 D   Common Stock 02/03/2015   F   1,533 D $ 22.57 68,995.1226 D   Common Stock 02/03/2015   M   9,387 A $ 0 78,382.1226 D   Common Stock 02/03/2015   F   3,197 D $ 22.57 75,185.1226 D   Common Stock 02/03/2015   M   5,185 A $ 0 80,370.1226 D   Common Stock 02/03/2015   F   1,766 D $ 22.57 78,604.1226 D   Common Stock 02/03/2015   M   25,586 A $ 0 104,190.1226 D   Common Stock 02/03/2015   F   8,837 D $ 22.57 95,353.1226 D   Common Stock               9,865.3027 I By 401(k)

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

3,116

02/03/2015(1)

(1)

Common Stock

3,116

$ 0

0

D

Restricted Stock Unit

$ 0

02/03/2015

M

4,396

02/03/2015(2)

(2)

Common Stock

4,396

$ 0

4,397

D

Restricted Stock Unit

$ 0

02/03/2015

M

9,387

02/03/2015(3)

(3)

Common Stock

9,387

$ 0

18,772

D

Restricted Stock Unit

$ 0

02/03/2015

M

5,185

02/03/2015(4)

(4)

Common Stock

5,185

$ 0

10,371

D

Market Stock Unit

$ 0

02/03/2015

M

25,586

02/03/2015(5)

(5)

Common Stock

25,586

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Monahan Michael 3001 SUMMER STREET STAMFORD, CT 06926			EVP Finance and CFO

Signatures

Laurie Bellocchio - POA for Michael Monahan		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 last of four vesting traunches.
(2)	The third of four vesting traunches vested, leaving 4,397 shares to vest on 2/2/2016.
(3)	The second of four vesting traunches vested, leaving 9,386 shares to vest on 2/2/2016 and 9,386 to vest on 2/7/2017.
(4)	The first of three vesting traunches vested, leaving 5,185 shares to vest on 2/2/2016 and 5,186 to vest on 2/7/2017.
(5)	The MSUs were granted on 2/3/2012 and have a three year cliff vesting.

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