PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

Parkwood LLC's Holding History (CIK: 0001597823)

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

Q2 2015

Shares 24,711 Value ($000) $514 Avg Close $22.54 Range $20.79 - $23.93

Q1 2015

Shares 24,545 Value ($000) $572 Avg Close $23.28 Range $21.15 - $24.60

Q4 2014

Shares 24,380 Value ($000) $594 Avg Close $24.43 Range $22.38 - $25.68

Q3 2014

Shares 15,077 Value ($000) $377 Avg Close $26.74 Range $24.63 - $28.37

Q4 2013

Shares 1,085 Value ($000) $25 Avg Close $21.51 Range $18.21 - $24.18

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	24,711	$514	$22.54	$20.79 - $23.93
Q1 2015	24,545	$572	$23.28	$21.15 - $24.60
Q4 2014	24,380	$594	$24.43	$22.38 - $25.68
Q3 2014	15,077	$377	$26.74	$24.63 - $28.37
Q4 2013	1,085	$25	$21.51	$18.21 - $24.18