PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

Retirement Systems of Alabama's Holding History (CIK: 0001593051)

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

Q1 2019

Shares 245,046 Value ($000) $1,683 Avg Close $6.92 Range $5.82 - $8.32

Q4 2018

Shares 243,267 Value ($000) $1,438 Avg Close $7.20 Range $5.51 - $8.56

Q3 2018

Shares 242,981 Value ($000) $1,720 Avg Close $8.08 Range $6.88 - $9.30

Q2 2018

Shares 242,858 Value ($000) $2,081 Avg Close $9.65 Range $8.11 - $11.17

Q1 2018

Shares 241,564 Value ($000) $2,631 Avg Close $12.39 Range $10.84 - $14.80

Q4 2017

Shares 241,449 Value ($000) $2,699 Avg Close $11.78 Range $9.50 - $14.34

Q3 2017

Shares 240,872 Value ($000) $3,375 Avg Close $13.73 Range $12.40 - $16.13

Q2 2017

Shares 240,429 Value ($000) $3,630 Avg Close $14.61 Range $12.70 - $16.26

Q1 2017

Shares 240,642 Value ($000) $3,155 Avg Close $14.13 Range $12.31 - $16.60

Q4 2016

Shares 382,335 Value ($000) $5,808 Avg Close $15.92 Range $14.22 - $18.20

Q3 2016

Shares 332,179 Value ($000) $6,032 Avg Close $18.35 Range $16.88 - $19.33

Q2 2016

Shares 326,850 Value ($000) $5,818 Avg Close $19.27 Range $16.28 - $21.81

Q1 2016

Shares 312,819 Value ($000) $6,738 Avg Close $19.00 Range $16.24 - $21.60

Q4 2015

Shares 299,281 Value ($000) $6,180 Avg Close $20.68 Range $19.12 - $21.76

Q3 2015

Shares 211,205 Value ($000) $4,192 Avg Close $20.52 Range $18.59 - $21.64

Q2 2015

Shares 206,513 Value ($000) $4,298 Avg Close $22.54 Range $20.79 - $23.93

Q1 2015

Shares 208,131 Value ($000) $4,854 Avg Close $23.28 Range $21.15 - $24.60

Q4 2014

Shares 126,579 Value ($000) $3,085 Avg Close $24.43 Range $22.38 - $25.68

Q3 2014

Shares 126,816 Value ($000) $3,169 Avg Close $26.74 Range $24.63 - $28.37

Q2 2014

Shares 122,441 Value ($000) $3,382 Avg Close $26.63 Range $24.06 - $28.23

Q1 2014

Shares 121,956 Value ($000) $3,170 Avg Close $24.66 Range $21.01 - $26.63

Q4 2013

Shares 120,207 Value ($000) $2,801 Avg Close $21.51 Range $18.21 - $24.18

Q3 2013

Shares 120,072 Value ($000) $2,184 Avg Close $16.40 Range $13.76 - $18.82

Q2 2013

Shares 118,998 Value ($000) $1,747 Avg Close $14.77 Range $13.12 - $16.43

Q1 2013

Shares 116,228 Value ($000) $1,727 Avg Close $13.30 Range $10.71 - $15.56

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2019	245,046	$1,683	$6.92	$5.82 - $8.32
Q4 2018	243,267	$1,438	$7.20	$5.51 - $8.56
Q3 2018	242,981	$1,720	$8.08	$6.88 - $9.30
Q2 2018	242,858	$2,081	$9.65	$8.11 - $11.17
Q1 2018	241,564	$2,631	$12.39	$10.84 - $14.80
Q4 2017	241,449	$2,699	$11.78	$9.50 - $14.34
Q3 2017	240,872	$3,375	$13.73	$12.40 - $16.13
Q2 2017	240,429	$3,630	$14.61	$12.70 - $16.26
Q1 2017	240,642	$3,155	$14.13	$12.31 - $16.60
Q4 2016	382,335	$5,808	$15.92	$14.22 - $18.20
Q3 2016	332,179	$6,032	$18.35	$16.88 - $19.33
Q2 2016	326,850	$5,818	$19.27	$16.28 - $21.81
Q1 2016	312,819	$6,738	$19.00	$16.24 - $21.60
Q4 2015	299,281	$6,180	$20.68	$19.12 - $21.76
Q3 2015	211,205	$4,192	$20.52	$18.59 - $21.64
Q2 2015	206,513	$4,298	$22.54	$20.79 - $23.93
Q1 2015	208,131	$4,854	$23.28	$21.15 - $24.60
Q4 2014	126,579	$3,085	$24.43	$22.38 - $25.68
Q3 2014	126,816	$3,169	$26.74	$24.63 - $28.37
Q2 2014	122,441	$3,382	$26.63	$24.06 - $28.23
Q1 2014	121,956	$3,170	$24.66	$21.01 - $26.63
Q4 2013	120,207	$2,801	$21.51	$18.21 - $24.18
Q3 2013	120,072	$2,184	$16.40	$13.76 - $18.82
Q2 2013	118,998	$1,747	$14.77	$13.12 - $16.43
Q1 2013	116,228	$1,727	$13.30	$10.71 - $15.56