Pier 1 2011 Annual Report Download - page 100

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The following table shows fiscal 2011 DSU’s for each non-employee director given his or her deferral
percentage and Pier 1 Imports’ match:
Name
Deferral
%
Fiscal
Year
2011
Fees
Deferred
($)
DSU’s
Converted
from
Deferred
Fees
(#)
DSU’s
Converted
from 25%
Company
Match
(#)
Dividends
Deferred
During
Fiscal Year
2011
($)
DSU’s
Converted
from
Deferred
Dividends
(#)
Aggregate
DSU’s
Owned at
Fiscal 2011
Year-End
(#)
John H. Burgoyne 90% $157,500 23,230 4,978 $0 0 221,387
Hamish A. Dodds
(elected January 18, 2011)
50% $ 8,929 923 231 $0 0 1,154
Michael R. Ferrari 25% $ 58,750 8,665 1,383 $0 0 185,102
Brendan L. Hoffman
(elected January 18, 2011)
50% $ 8,929 923 231 $0 0 1,154
Robert B. Holland, III(a)
(resigned April 19, 2010)
100% $ 20,604 3,039 760 $0 0 0
Karen W. Katz(b)
(did not stand for re-election June 29, 2010)
50% $ 25,137 3,708 927 $0 0 0
Terry E. London 25% $ 43,750 6,453 1,383 $0 0 164,526
Cece Smith 100% $150,000 22,124 5,531 $0 0 173,939
(a) Given Mr. Holland’s 100% deferral election, Pier 1 Imports adjusted the DSU’s credited to Mr. Holland for the
time period following Mr. Holland’s April 19, 2010 resignation through the end of fiscal 2011. Upon
Mr. Holland’s resignation as a director on April 19, 2010, his 150,083.22 DSU’s were exchanged for 150,083.22
shares of Pier 1 Imports’ common stock and were subsequently delivered to him. The closing price of Pier 1
Imports’ common stock on April 19, 2010 was $8.73.
(b) Given Mrs. Katz’s 50% deferral election and receipt of the remaining non-employee director retainer in cash,
Mrs. Katz repaid Pier 1 Imports for cash fees for the time period following the end of her service through the
end of fiscal 2011, and Pier 1 Imports adjusted the DSU’s credited to Mrs. Katz for that time period. On June 30,
2010, Mrs. Katz’s 189,429.14 DSU’s were exchanged for 189,429.14 shares of Pier 1 Imports’ common stock
and were subsequently delivered to her. The closing price of Pier 1 Imports’ common stock on June 29, 2010
was $6.11.
(3) Perquisites and personal benefits aggregating less than $10,000 are not shown.
Non-employee director stock options outstanding on February 26, 2011 are shown below:
Name Grant Date Expiration Date Exercise Price
Aggregate Number
of Outstanding
Stock Options
(Exercisable)
John H. Burgoyne 06/23/2006
07/01/2005
06/28/2004
06/27/2003
06/28/2002
06/29/2001
06/23/2016
07/01/2015
06/28/2014
06/27/2013
06/28/2012
06/29/2011
$7.5500
$14.2500
$17.2500
$20.3500
$21.0000
$11.5000
6,000
6,000
6,000
6,000
6,000
6,000
Total 36,000
Michael R. Ferrari 06/23/2006
07/01/2005
06/28/2004
06/27/2003
06/28/2002
06/29/2001
06/23/2016
07/01/2015
06/28/2014
06/27/2013
06/28/2012
06/29/2011
$7.5500
$14.2500
$17.2500
$20.3500
$21.0000
$11.5000
6,000
6,000
6,000
6,000
6,000
6,000
Total 36,000
Terry E. London 06/23/2006
07/01/2005
06/28/2004
09/25/2003
06/23/2016
07/01/2015
06/28/2014
09/25/2013
$7.5500
$14.2500
$17.2500
$19.4000
6,000
6,000
6,000
5,000
Total 23,000
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