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Winchester Group Inc.
> PBI
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2013 | PITNEY BOWES INC /DE/ | PBI | 307,978 | -35,709 | 5,602,000 | 557,000 | $18.19 |
| 06/30/2013 | PITNEY BOWES INC /DE/ | PBI | 343,687 | 343,687 | 5,045,000 | 5,045,000 | $14.68 |
| 03/31/2013 | PITNEY BOWES INC /DE/ | PBI | 27,500 | 27,500 | 408,000 | 408,000 | $14.84 |
| 12/31/2012 | PITNEY BOWES INC /DE/ | PBI | 0 | -15,441 | 0 | -213,000 | |
| 09/30/2012 | PITNEY BOWES INC /DE/ | PBI | 15,441 | -3,229 | 213,000 | -66,000 | $13.79 |
| 06/30/2012 | PITNEY BOWES INC /DE/ | PBI | 18,670 | 67 | 279,000 | -48,000 | $14.94 |
| 03/31/2012 | PITNEY BOWES INC /DE/ | PBI | 18,603 | -2,894 | 327,000 | -77,000 | $17.58 |
| 12/31/2011 | PITNEY BOWES INC /DE/ | PBI | 18,647 | -2,850 | 345,000 | -59,000 | $18.50 |
| 09/30/2011 | PITNEY BOWES INC /DE/ | PBI | 21,497 | -353 | 404,000 | -98,000 | $18.79 |
| 06/30/2011 | PITNEY BOWES INC /DE/ | PBI | 21,850 | 500 | 502,000 | -46,000 | $22.97 |
| 03/31/2011 | PITNEY BOWES INC /DE/ | PBI | 21,350 | 900 | 548,000 | 54,000 | $25.67 |
| 12/31/2010 | PITNEY BOWES INC /DE/ | PBI | 20,450 | -900 | 494,000 | 38,000 | $24.16 |
| 09/30/2010 | PITNEY BOWES INC /DE/ | PBI | 21,350 | -14,930 | 456,000 | -340,000 | $21.36 |
| 06/30/2010 | PITNEY BOWES INC /DE/ | PBI | 36,280 | 21,030 | 796,000 | 424,000 | $21.94 |
| 03/31/2010 | PITNEY BOWES INC /DE/ | PBI | 15,250 | 0 | 372,000 | 25,000 | $24.39 |
| 12/31/2009 | PITNEY BOWES INC /DE/ | PBI | 15,250 | 15,250 | 347,000 | 347,000 | $22.75 |
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