PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

RAMSEY QUANTITATIVE SYSTEMS's Holding History (CIK: 0001132897)

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

Q1 2017

Shares 7,394 Value ($000) $581 Avg Close $14.13 Range $12.31 - $16.60

Q4 2016

Shares 26,302 Value ($000) $400 Avg Close $15.92 Range $14.22 - $18.20

Q3 2016

Shares 30,910 Value ($000) $561 Avg Close $18.35 Range $16.88 - $19.33

Q2 2016

Shares 26,081 Value ($000) $464 Avg Close $19.27 Range $16.28 - $21.81

Q1 2016

Shares 30,540 Value ($000) $658 Avg Close $19.00 Range $16.24 - $21.60

Q4 2015

Shares 28,956 Value ($000) $598 Avg Close $20.68 Range $19.12 - $21.76

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	7,394	$581	$14.13	$12.31 - $16.60
Q4 2016	26,302	$400	$15.92	$14.22 - $18.20
Q3 2016	30,910	$561	$18.35	$16.88 - $19.33
Q2 2016	26,081	$464	$19.27	$16.28 - $21.81
Q1 2016	30,540	$658	$19.00	$16.24 - $21.60
Q4 2015	28,956	$598	$20.68	$19.12 - $21.76