Pier 1 2009 Annual Report Download - page 113

Download and view the complete annual report

Please find page 113 of the 2009 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 173

  • 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
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173

Stock options outstanding for each non-employee director on February 28, 2009 are shown below:
Aggregate Number
of Outstanding
Expiration Exercise Stock Options
Name Grant Date Date Price (Exercisable)
John H. Burgoyne ...................... 06/23/2006 06/23/2016 $ 7.5500 6,000
07/01/2005 07/01/2015 $14.2500 6,000
06/28/2004 06/28/2014 $17.2500 6,000
06/27/2003 06/27/2013 $20.3500 6,000
06/28/2002 06/28/2012 $21.0000 6,000
06/29/2001 06/29/2011 $11.5000 6,000
06/23/2000 06/23/2010 $ 9.3125 6,000
06/25/1999 06/25/2009 $10.8750 11,000
Total .............................. 53,000
Michael R. Ferrari ...................... 06/23/2006 06/23/2016 $ 7.5500 6,000
07/01/2005 07/01/2015 $14.2500 6,000
06/28/2004 06/28/2014 $17.2500 6,000
06/27/2003 06/27/2013 $20.3500 6,000
06/28/2002 06/28/2012 $21.0000 6,000
06/29/2001 06/29/2011 $11.5000 6,000
06/23/2000 06/23/2010 $ 9.3125 6,000
06/25/1999 06/25/2009 $10.8750 11,000
Total .............................. 53,000
Robert B. Holland, III ................... N/A N/A N/A N/A
Karen W. Katz ......................... 06/23/2006 06/23/2016 $ 7.5500 6,000
07/01/2005 07/01/2015 $14.2500 6,000
06/28/2004 06/28/2014 $17.2500 6,000
06/27/2003 06/27/2013 $20.3500 6,000
06/28/2002 06/28/2012 $21.0000 6,000
06/29/2001 06/29/2011 $11.5000 6,000
06/28/2001 06/28/2011 $11.1100 5,000
Total .............................. 41,000
Terry E. London ....................... 06/23/2006 06/23/2016 $ 7.5500 6,000
07/01/2005 07/01/2015 $14.2500 6,000
06/28/2004 06/28/2014 $17.2500 6,000
09/25/2003 09/25/2013 $19.4000 5,000
Total .............................. 23,000
Cece Smith ........................... N/A N/A N/A N/A
Tom M. Thomas ....................... 06/23/2006 06/23/2016 $ 7.5500 6,000
07/01/2005 07/01/2015 $14.2500 6,000
06/27/2003 06/27/2013 $20.3500 6,000
06/28/2002 06/28/2012 $21.0000 6,000
Total .............................. 24,000
On December 15, 2008, the board of directors amended and restated Pier 1 Imports’
non-employee director compensation plan. Pursuant to the amended and restated plan, each
non-employee director will continue to receive an annual cash retainer of $150,000. In addition, the
audit committee chairman and compensation committee chairman will each continue to receive an
annual retainer of $25,000; the nominating and corporate governance committee chairman will continue
to receive an annual retainer of $10,000; and the non-executive chairman of the board will continue to
15