PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

Estabrook Capital Management's Holding History (CIK: 0001344717)

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

Q4 2016

Shares 900 Value ($000) $13,671 Avg Close $15.92 Range $14.22 - $18.20

Q3 2016

Shares 900 Value ($000) $16,344 Avg Close $18.35 Range $16.88 - $19.33

Q2 2016

Shares 900 Value ($000) $16,020 Avg Close $19.27 Range $16.28 - $21.81

Q1 2016

Shares 900 Value ($000) $19,386 Avg Close $19.00 Range $16.24 - $21.60

Q4 2015

Shares 900 Value ($000) $18,585 Avg Close $20.68 Range $19.12 - $21.76

Q3 2015

Shares 900 Value ($000) $17,865 Avg Close $20.52 Range $18.59 - $21.64

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	900	$13,671	$15.92	$14.22 - $18.20
Q3 2016	900	$16,344	$18.35	$16.88 - $19.33
Q2 2016	900	$16,020	$19.27	$16.28 - $21.81
Q1 2016	900	$19,386	$19.00	$16.24 - $21.60
Q4 2015	900	$18,585	$20.68	$19.12 - $21.76
Q3 2015	900	$17,865	$20.52	$18.59 - $21.64