Pier 1 2011 Annual Report Download - page 134

Each participant may allocate their deferral amounts and Pier 1 Imports matching contributions among
different deemed investment crediting options, which cover various asset classes. Participant accounts are
credited with the same earnings or losses as the deemed investment crediting option and are subject to the
same investment risk as an actual investment in the deemed investment crediting options. Subject to plan
rules, participants may elect to have their deferral account balance paid to them while employed or after
separation from Pier 1 Imports. Vested matching account balances are distributed to participants only after
separation from Pier 1 Imports.
Trusts have been established for the purpose of setting aside funds to be used to settle obligations under BRP II
and the DCP. The trusts’ assets are consolidated in Pier 1 Imports’ financial statements and consisted of investments
aggregating $72,000 at February 26, 2011. The trusts also own and are the beneficiaries of a number of insurance
policies on the lives of current and past key executives. At February 26, 2011, the cash surrender value of these
policies was $4,043,000. These investments are restricted and may only be used to satisfy BRP II and DCP
obligations. Contributions to the trusts are made at the discretion of the board of directors and may be made in the
form of cash or other assets such as life insurance policies.
Name
Executive
Contributions
in Last Fiscal
Year(1)
($)
Registrant
Contributions in
Last Fiscal Year(2)
($)
Aggregate
Earnings in Last
Fiscal Year
($)
Aggregate
Withdrawals /
Distributions
($)
Aggregate
Balance at Last
Fiscal Year-
End(5)
($)
Alexander W. Smith
BRP II
DCP
$92,885
$12,115
$27,865
$ 3,635
$5,574(3)
$ 64(4)
$0
$0
$142,104
$ 15,814
Charles H. Turner
BRP II
DCP
$ 4,069
$ 531
$ 4,069
$ 531
$6,170(3)
$ 7(4)
$0
$0
$ 92,557
$ 1,069
Catherine David
BRP II
DCP
$15,384
$ 9,231
$ 9,231
$ 1,385
$ 785(3)
$ 43(4)
$0
$0
$ 25,400
$ 10,659
Gregory S. Humenesky
BRP II
DCP
$0
$ 1,904
$0
$ 1,142
$4,213(3)
$ 14(4)
$0
$0
$ 60,329
$ 3,060
Sharon M. Leite
BRP II
DCP
$ 3,065
$ 807
$ 3,065
$ 606
$ 278(3)
$ 5(4)
$0
$0
$ 7,172
$ 1,418
(1) Reflects participation by Messrs. Smith, Turner and Humenesky and Mses. David and Leite during fiscal 2011.
Executive contribution amounts are included in each named executive officer’s salary amount in the table
included under the caption “Summary Compensation Table for the Fiscal Years Ended February 26,
2011, February 27, 2010 and February 28, 2009” above.
(2) Reflects Pier 1 Imports’ matching contribution credited to the account of each named executive officer. These
amounts are also included as All Other Compensation in the table included under the caption “Summary
Compensation Table for the Fiscal Years Ended February 26, 2011, February 27, 2010 and February 28, 2009”
above.
(3) Reflects interest earnings on compensation deferrals plus applicable matching contributions. The interest
earnings shown are the total amount of interest payments accrued. See the footnotes to the table included under
the caption “Summary Compensation Table for the Fiscal Years Ended February 26, 2011, February 27, 2010
and February 28, 2009” above for the above market earnings portion of these interest earnings in fiscal 2011.
(4) Reflects the appreciation or depreciation of the deemed investment crediting options held in the participant’s
DCP account.
(5) Mr. Turner and Mr. Humenesky are fully vested in BRP II. Mr. Smith and Ms. Leite are 80% vested in BRP II
matching contributions and interest earned on those contributions, and Ms. David is 40% vested.
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