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Option Exercises and Stock Vested Table for the Fiscal Year Ended February 25, 2012
The following table provides information for each named executive officer about (a) stock option exercises
during fiscal 2012, 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 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
Option Awards Stock Awards(1)
Number of Shares
Acquired on
Exercise
(#)
Value
Realized on
Exercise
($) Vest Date Grant Date
Number of Shares
Acquired on
Vesting
(#)
Value
Realized
on Vesting
($)
Alexander W. Smith 0 $ 0 04/25/2011
12/18/2011
02/25/2012
02/25/2012
02/28/2010
12/18/2009
02/28/2010
02/27/2011
62,500
125,000
62,500
62,500
$ 765,625
$1,706,250
$1,027,500
$1,027,500
Charles H. Turner 75,000 $243,803 04/09/2011
04/11/2011
04/25/2011
04/09/2010
04/11/2008
04/09/2010
13,860
5,100
7,920
$ 158,974
$ 58,905
$ 97,020
Catherine David 0 $ 0 04/09/2011
04/25/2011
04/09/2010
04/09/2010
5,940
5,940
$ 68,132
$ 72,765
Gregory S. Humenesky 0 $ 0 04/09/2011
04/11/2011
04/25/2011
04/09/2010
04/11/2008
04/09/2010
4,125
5,100
4,125
$ 47,314
$ 58,905
$ 50,531
Sharon M. Leite 0 $ 0 04/09/2011
04/11/2011
04/25/2011
04/09/2010
04/11/2008
04/09/2010
5,115
5,100
5,115
$ 58,669
$ 58,905
$ 62,659
(1) On December 18, 2009, Mr. Smith was granted 375,000 shares of restricted stock that vest one-third per year on
each anniversary of the grant date, provided Mr. Smith is employed on the vesting date. On February 28,
2010, February 27, 2011 and February 26, 2012, Mr. Smith was granted 187,500 shares of restricted stock that
vest one-third per year on the last day of the fiscal year in which the grant occurred and on the last day of the
following two fiscal years, provided Mr. Smith is employed on the last day of each such fiscal year. As
discussed in footnote #1 to the “Summary Compensation Table for the Fiscal Years Ended February 25, 2012,
February 26, 2011 and February 27, 2010” above, the December 18, 2009, February 28, 2010, February 27,
2011 and February 26, 2012 grants of time-based restricted stock have a grant date for accounting purposes of
December 15, 2009. On December 18, 2011, the forfeiture restrictions lapsed on 125,000 shares. The closing
price of Pier 1 Imports’ common stock on December 16, 2011 (the last trading date before the vest) was $13.65.
On February 25, 2012, the forfeiture restrictions lapsed on 125,000 shares. The closing price of Pier 1 Imports’
common stock on February 24, 2012 (the last trading date before the vest) was $16.44.
On February 28, 2010, Mr. Smith was granted 187,500 shares of restricted stock which vest one-third per year
upon Pier 1 Imports satisfying the Profit Goal target established by the compensation committee for fiscal year
2011 and one-third per year in each of the following two fiscal years upon Pier 1 Imports satisfying the Profit
Goal target established by the compensation committee for the respective fiscal year, such achievement to be
determined upon the filing of Pier 1 Imports’ annual report on Form 10-K for the applicable fiscal year, and
provided that for each fiscal year Mr. Smith is employed on the last day of each such fiscal year. On April 25,
2011, the forfeiture restrictions lapsed on 62,500 shares of the February 28, 2010 grant with a market price of
$12.25 as of that date.
On April 9, 2010, time-based restricted stock awards that vest 33%, 33% and 34% on each anniversary of the
grant date provided the participant is employed at the vesting date were granted to Mr. Turner (42,000 shares),
Ms. David (18,000 shares), Mr. Humenesky (12,500 shares) and Ms. Leite (15,500 shares). On April 9, 2011,
the forfeiture restrictions lapsed on 13,860 shares (Turner), 5,940 shares (David), 4,125 shares (Humenesky) and
5,115 shares (Leite). The closing price of Pier 1 Imports’ common stock on April 8, 2011 (the last trading date
43