KSA Capital Management’s Pitney Bowes PBI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-64,000	Closed	-$1.56M	–	62
2014 Q4	$1.56M	Hold	64,000	–	–	0.41%	18
2014 Q3	$1.6M	Hold	64,000	–	–	0.37%	20
2014 Q2	$1.77M	Buy	64,000 +26,000	+68%	+$718K	0.48%	22
2014 Q1	$988K	Buy	+38,000	New	+$988K	0.39%	37