4//SEC Filing
PITNEY BOWES INC /DE/ 4
Accession 0001562180-17-000560
$PBICIK 0000078814operating
Filed
Feb 7, 7:00 PM ET
Accepted
Feb 8, 1:31 PM ET
Size
20.4 KB
Accession
0001562180-17-000560
Insider Transaction Report
Form 4
Shearer Mark
Exec VP & Pres SMB Mail Sol
Transactions
- Exercise/Conversion
Common Stock
2017-02-07−34,585→ 74,425.7 total - Award
Stock Option
2017-02-06+130,000→ 221,873 totalFrom: 2018-02-06Exp: 2027-02-06→ Common Stock (130,000 underlying) - Exercise/Conversion
Restricted Stock Units
2017-02-07−5,186→ 0 totalExercise: $0.00From: 2017-02-07→ Common Stock (5,186 underlying) - Tax Payment
Common Stock
2017-02-07$13.17/sh−12,139$159,871→ 62,286.7 total - Award
Restricted Stock Units
2017-02-06$13.16/sh+19,757$260,002→ 60,989 total→ Common Stock (19,757 underlying) - Award
Performance Stock Units
2017-02-06$13.16/sh+59,271$780,006→ 148,044 total→ Common Stock (59,271 underlying) - Exercise/Conversion
Restricted Stock Units
2017-02-07−9,104→ 0 totalExercise: $0.00From: 2017-02-07→ Common Stock (9,104 underlying) - Exercise/Conversion
Performance Stock Units
2017-02-07−20,295→ 0 totalExercise: $0.00From: 2017-02-07→ Common Stock (20,295 underlying)
Footnotes (8)
- [F1]Each unit represents a contingent right to receive one share of Pitney Bowes common stock.
- [F2]Each unit represents a contingent right to receive one share of Pitney Bowes common stock that will vest over a three year period on the second Tuesday in February.
- [F3]Each performance stock unit represents a contingent right to receive Pitney Bowes common stock based upon pre-determined performance factors.
- [F4]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.
- [F5]The grant price for the stock option was calculated at 100% of the closing price on February 6, 2017 which was $13.16.
- [F6]The final vesting of the four traunches vested.
- [F7]The final vesting of the three traunches vested.
- [F8]Vesting of performance awards due to the pre-established performance standards being met.
Documents
Issuer
PITNEY BOWES INC /DE/
CIK 0000078814
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000078814
Filing Metadata
- Form type
- 4
- Filed
- Feb 7, 7:00 PM ET
- Accepted
- Feb 8, 1:31 PM ET
- Size
- 20.4 KB