PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

STRATEGIC INVESTMENT MANAGEMENT, LLC's Holding History (CIK: 0000846633)

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

Q1 2014

Shares 8,613 Value ($000) $223 Avg Close $24.66 Range $21.01 - $26.63

Q4 2013

Shares 8,613 Value ($000) $210 Avg Close $21.51 Range $18.21 - $24.18

Q2 2013

Shares 10,691 Value ($000) $157 Avg Close $14.77 Range $13.12 - $16.43

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	8,613	$223	$24.66	$21.01 - $26.63
Q4 2013	8,613	$210	$21.51	$18.21 - $24.18
Q2 2013	10,691	$157	$14.77	$13.12 - $16.43