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 *
  Christoph Stehmann
 2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2016		 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)
Exec VP, Enterprise Sol Group
 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 2,271.7232
D
 

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   (1) 02/12/2022 Common Stock 330 $ 0 D  
Restricted Stock Units   (1) 02/10/2023 Common Stock 600 $ 0 D  
Restricted Stock Units   (2) 02/09/2024 Common Stock 1,287 $ 0 D  
Restricted Stock Units   (2) 02/08/2025 Common Stock 3,843 $ 0 D  
Performance Stock Units   (3) 02/09/2024 Common Stock 4,495 $ 0 D  
Performance Stock Units   (3) 02/08/2025 Common Stock 9,544 $ 0 D  
Stock Option 02/13/2007(4) 02/12/2016 Common Stock 1,837 $ 42.62 D  
Stock Option 02/04/2014(4) 02/10/2023 Common Stock 1,885 $ 48.03 D  
Stock Option 02/11/2009(4) 02/10/2018 Common Stock 3,637 $ 36.96 D  
Stock Option 02/09/2010(5) 02/09/2019 Common Stock 4,374 $ 24.75 D  
Stock Option 02/08/2011(5) 02/07/2020 Common Stock 3,573 $ 22.09 D  
Stock Option 02/14/2012(5) 02/13/2021 Common Stock 3,486 $ 26.07 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Christoph Stehmann
3001 SUMMER STREET
STAMFORD, CT 06926		       Exec VP, Enterprise Sol Group  

Signatures

/s/ Laurie Bellocchio - POA for Christoph Stehmann 01/04/2016
**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) The restricted stock units expire upon vesting and vest in four equal annual installments.
(2) The restricted stock units expire upon vesting and vest in three annual installments.
(3) Each performance based restricted stock unit will vest subject to predetermined EBIT performance metrics on February 13, 2018 and expire upon vesting date.
(4) The stock option grant vests in four equal annual installments.
(5) The stock option grant vests in three equal annual installments.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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