PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

Laffer Tengler Investments, Inc.'s Holding History (CIK: 0001307878)

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

Q1 2016
Shares 64,479 Value ($000) $1,388,877 Avg Close $19.00 Range $16.24 - $21.60
Q4 2015
Shares 64,479 Value ($000) $1,331,491 Avg Close $20.68 Range $19.12 - $21.76
Q3 2015
Shares 64,479 Value ($000) $1,279,908 Avg Close $20.52 Range $18.59 - $21.64
Q2 2015
Shares 64,479 Value ($000) $1,341,808 Avg Close $22.54 Range $20.79 - $23.93
Q1 2015
Shares 97,978 Value ($000) $2,284,847 Avg Close $23.28 Range $21.15 - $24.60
Q4 2014
Shares 97,978 Value ($000) $2,387,723 Avg Close $24.43 Range $22.38 - $25.68
Q3 2014
Shares 97,978 Value ($000) $2,448,470 Avg Close $26.74 Range $24.63 - $28.37
Q2 2014
Shares 97,978 Value ($000) $2,706,152 Avg Close $26.63 Range $24.06 - $28.23
Q1 2014
Shares 117,591 Value ($000) $3,056,190 Avg Close $24.66 Range $21.01 - $26.63
Q4 2013
Shares 117,591 Value ($000) $2,739,870 Avg Close $21.51 Range $18.21 - $24.18
Q3 2013
Shares 113,150 Value ($000) $2,058,198 Avg Close $16.40 Range $13.76 - $18.82