Pier 1 2007 Annual Report Download - page 120

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Name Grant Date(1)
Number of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable(2)
Equity
Incentive
Plan
Awards:
Number of
Securities
Underlying
Unexercised
Unearned
Options
(#)
Option
Exercise
Price
($)
Option
Expiration
Date
Number of
Shares or
Units of
Stock That
Have Not
Vested(4)
(#)
Market
Value of
Shares or
Units of
Stock
That
Have Not
Vested
($)
Equity
Incentive
Plan
Awards:
Number of
Unearned
Shares, Units
or Other
Rights That
Have Not
Vested(5)
(#)
Equity
Incentive
Plan
Awards:
Market or
Payout
Value of
Unearned
Shares,
Units or
Other
Rights That
Have not
Vested
($)
Option Awards Stock Awards
E. Mitchell Weatherly . . . . . . 12/23/1997 72,000 $12.8333 12/23/2007
(retired December 30, 2006) 09/17/1998 30,000 $ 8.5000 09/17/2008
09/14/1999 50,000 $ 5.8125 09/14/2009
10/12/2000 60,000 $10.4375 12/30/2009
09/27/2001 100,000 $ 8.2600 12/30/2009
09/26/2002 100,000 $20.3800 12/30/2009
09/25/2003 100,000 $19.4000 12/30/2009
06/28/2004 100,000 $17.2500 12/30/2009
07/01/2005 20,000 $14.2500 12/30/2009
06/23/2006 30,000 $ 7.5500 12/30/2009
(1) For better understanding of this table, we have included an additional column showing the grant date of
the stock options and restricted stock awards.
(2) Stock options vest as follows:
Grant Date Vesting
07/01/2005 and 06/23/2006 25% per year beginning on the anniversary of grant date.
02/19/2007 The vesting of Option 1 for Mr. Smith is described and discussed
in the Compensation Discussion and Analysis above.
(3) Refer to the Compensation Discussion and Analysis above on Option 2 granted to Mr. Smith for a discus-
sion of its vesting.
(4) Time based restricted stock awards vest according to the following schedule:
Grant Date Vesting
07/01/2005 and 06/23/2006 33%, 33%, 34% respectively on each anniversary of the grant date
provided that the participant is employed at the vesting date.
(5) Performance based restricted stock awards vest according to the following schedule:
Grant Date Vesting
06/23/2006 Cliff vest on February 28, 2009 if three year cumulative EBITDA
is at least $331,000,000 provided that the participant is employed
at the end of the three fiscal years.
33