Pier 1 2008 Annual Report Download - page 97

Download and view the complete annual report

Please find page 97 of the 2008 Pier 1 annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 140

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140

of Pier 1 Imports’ common stock within 30 days after the director ceases to be a member of the board of
directors. A DSU is the economic equivalent of one share of Pier 1 Imports’ common stock.
(3) Mr. Schneider’s employment ended on August 6, 2007. At that time, Mr. Schneider directly owned
54,036 shares of Pier 1 Imports’ common stock, and non-qualified stock options totaling 650,000 shares.
The options are fully vested and exercisable until the earlier of the expiration date of the grant or August 6,
2010.
Security Ownership of Certain Beneficial Owners
The following table indicates the ownership by each person who is known by Pier 1 Imports as of May 2,
2008 to beneficially own more than 5% of Pier 1 Imports’ common stock:
Name and
Address of Beneficial Owner
Common
Shares
Beneficially
Owned
Percent
of
Class
Franklin Resources, Inc. . . ..................................... 11,579,320(1) 13.1%
One Franklin Parkway
San Mateo, California 94403
Jakup a Dul Jacobsen ......................................... 8,594,200(2) 9.7%
Sundaborg 7
Reykjavik, Iceland
Adage Capital Management, L.P. ................................ 6,809,100(3) 7.7%
200 Clarendon Street, 52nd floor
Boston, Massachusetts 02116
Royce & Associates, LLC . ..................................... 5,775,500(4) 6.5%
1414 Avenue of the Americas
New York, New York 10019
SCSF Equities, LLC .......................................... 4,725,004(5) 5.3%
5200 Town Center Circle, Suite 470
Boca Raton, Florida 33486
(1) This information was obtained from a Schedule 13G (Amendment No. 3) filed with the SEC on February 6,
2008 by Franklin Resources, Inc., Charles B. Johnson and Rupert H. Johnson, Jr. as beneficial owners of
the shares listed. The filing indicates that Franklin Resources, Inc., Charles B. Johnson and Rupert H.
Johnson, Jr. have no sole or shared voting power and no sole or shared dispositive power over any of the
shares listed. However, certain subsidiaries of Franklin Resources, Inc. beneficially own all of the shares
listed and have the following voting and dispositive power: Franklin Templeton Investments Corp. has sole
voting power over 7,222,610 of the shares listed and sole dispositive power over 7,301,920 of the shares
listed; and Franklin Advisory Services, LLC has sole voting power over 4,199,400 of the shares listed and
sole dispositive power over 4,277,400 of the shares listed.
(2) This information was obtained from a Schedule 13D (Amendment No. 3) filed with the SEC on October 9,
2007 by Jakup a Dul Jacobsen and Lagerinn ehf as beneficial owners of the shares listed. The filing indi-
cates that Jakup a Dul Jacobsen and Lagerinn ehf have shared voting power and shared dispositive power
over all the shares listed.
(3) This information was obtained from a Schedule 13G (Amendment No. 1) filed with the SEC on Febru-
ary 11, 2008 by Adage Capital Partners, L.P., Adage Capital Partners GP, L.L.C., Adage Capital Advisors,
L.L.C., Robert Atchinson and Phillip Gross as beneficial owners of the shares listed. The filing indicates
that the beneficial owners have shared voting power and shared dispositive power over all of the shares
listed.
(4) This information was obtained from a Schedule 13G (Amendment No. 4) filed with the SEC on February 4,
2008 by Royce & Associates, LLC as beneficial owner of the shares listed. The filing indicates that the
beneficial owner has sole voting power and sole dispositive power over all of the shares listed.
16