Pier 1 2007 Annual Report Download - page 121

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Option Exercises and Stock Vested Table for the Fiscal Year Ended March 3, 2007
The following table provides information for each named executive officer on (a) stock option exercises
during fiscal 2007, including the number of shares acquired upon exercise and the value realized, and (b) the
number of shares for which forfeiture restrictions lapse upon the vesting of time based restricted stock awards
and the value realized. In each event the value realized is before payment of any applicable withholding tax
and broker commissions.
Name
Number of Shares
Acquired on Exercise
(#)
Value Realized on
Exercise
($)
Number of Shares
Acquired on Vesting(1)
(#)
Value Realized on
Vesting
($)
Option Awards Stock Awards
Marvin J. Girouard . ....... 0 $0 0 $ 0
Alexander W. Smith ....... 0 $0 0 $ 0
Charles H. Turner ......... 0 $0 5,940 $41,461
Jay R. Jacobs ............ 0 $0 5,940 $41,461
Phil E. Schneider ......... 0 $0 5,940 $41,461
David A. Walker .......... 0 $0 5,940 $41,461
E. Mitchell Weatherly ...... 0 $0 5,940 $41,461
(1) On July 1, 2005, Messrs. Turner, Jacobs, Schneider, Walker and Weatherly were each granted 18,000 shares
of restricted stock that vests 33%, 33%, and 34% on each anniversary of the grant date provided that the
participant is employed at the vesting date. On July 1, 2006, the forfeiture restrictions lapsed on
5,940 shares with a market price of $6.98 as of that date.
Pension Benefits Table for the Fiscal Year Ended March 3, 2007
The following table shows the present value of each named executive officer’s total accumulated benefit
under the applicable retirement plan of Pier 1 in which the executive participates as of the fiscal year ended
March 3, 2007. Information regarding each supplemental retirement plan can be found in the Compensation
Discussion and Analysis above.
Name Plan Name
Number of Years
Credited Service(1)
(#)
Present Value of
Accumulated
Benefit
($)
Payments
During Last
Fiscal Year
($)
Marvin J. Girouard. . . Supplemental Executive Retirement Plan N/A $28,586,096(2) $22,624,231(4)
Charles H. Turner . . . Supplemental Retirement Plan 16 $ 1,162,017 $ 0
Jay R. Jacobs . . . . . . Supplemental Retirement Plan 30 $ 1,613,309 $ 0
Phil E. Schneider . . . . Supplemental Retirement Plan 22 $ 1,519,313(3) $ 0
David A. Walker . . . . Supplemental Retirement Plan 38 $ 728,068 $ 0
E. Mitchell
Weatherly . . . . . . .
Supplemental Executive Retirement Plan
N/A $ 3,212,026(2) $ 2,653,292(4)
(1) Messrs. Girouard and Weatherly were 100% vested in their respective benefits under the Supplemental
Executive Retirement Plan because of their retirement. In each other case, the years of credited service for
plan purposes equals the years of credited vesting service as determined by Pier 1’s 401(k) plan, regardless
of years of participation in the plan. In each case, the years of credited service shown equals the named
executive officer’s years of employment with Pier 1.
(2) Value as of date of retirement, for Messrs. Girouard and Weatherly. These amounts include the present
value of medical insurance premiums to be paid on their behalf after retirement in the amount of $62,603
and $176,042, respectively.
(3) Includes the present value of medical insurance premiums payable for Mr. Schneider in the event of an
early retirement as described below.
34