PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

Manning & Napier Advisors LLC's Holding History (CIK: 0000062039)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 117,770 Value ($000) $2,431 Avg Close $20.68 Range $19.12 - $21.76

Q3 2015

Shares 117,770 Value ($000) $2,336 Avg Close $20.52 Range $18.59 - $21.64

Q2 2015

Shares 116,870 Value ($000) $2,431 Avg Close $22.54 Range $20.79 - $23.93

Q1 2015

Shares 114,200 Value ($000) $2,661 Avg Close $23.28 Range $21.15 - $24.60

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	117,770	$2,431	$20.68	$19.12 - $21.76
Q3 2015	117,770	$2,336	$20.52	$18.59 - $21.64
Q2 2015	116,870	$2,431	$22.54	$20.79 - $23.93
Q1 2015	114,200	$2,661	$23.28	$21.15 - $24.60