Pier 1 2013 Annual Report Download - page 96

Fiscal 2013 Non-Employee Director Compensation Table
The following table sets forth a summary of the compensation with respect to the fiscal year ended March 2,
2013, for services rendered in all capacities to Pier 1 Imports by its non-employee directors:
Name
Fees
Earned
or
Paid in
Cash(1)
($)
Stock
Awards(2)
($)
Option
Awards
($)
Non-Equity
Incentive Plan
Compensation
($)
Change in Pension
Value and Non-
Qualified Deferred
Compensation
Earnings
($)
All Other
Compensation(3)
($)
Total
($)
Claire H. Babrowski $156,762 $ 0 $0 $0 $0 $6,875 $163,637
Cheryl A. Bachelder
(elected October 11, 2012)
$ 57,589 $ 6,250 $0 $0 $0 $8,147 $ 71,986
John H. Burgoyne $175,000 $67,322 $0 $0 $0 – $242,322
Hamish A. Dodds $150,000 $20,704 $0 $0 $0 – $170,704
Michael R. Ferrari
(resigned January 22, 2013)
$160,000 $38,795 $0 $0 $0 – $198,795
Brendan L. Hoffman $150,000 $20,704 $0 $0 $0 – $170,704
Terry E. London $208,988 $32,624 $0 $0 $0 – $241,612
Cece Smith $170,143 $64,611 $0 $0 $0 $7,292 $242,046
(1) This column represents the amount of cash compensation earned in fiscal 2013 for board and committee
service. As described in footnote 2 below, certain percentages of this cash compensation were deferred by each
director into the Pier 1 Imports’ Director Deferred Stock Unit Program.
(2) This column represents the dollar value of Pier 1 Imports’ 25% match on director annual cash retainer fees (but
not committee chair or chairman annual retainers) deferred by each director into the Pier 1 Imports’ Director
Deferred Stock Unit Program. This amount was converted to DSU’s as shown in the table below. The dollar
amount represents the grant date fair value of such DSU’s granted in fiscal 2013 in accordance with the
Financial Accounting Standards Board’s Accounting Standards Codification Topic 718, Compensation-Stock
Compensation (formerly Statement of Financial Accounting Standards No. 123R) (“FASB ASC Topic 718”).
The number of DSU’s is calculated using the closing price of Pier 1 Imports’ common stock on the last trading
day of each fiscal month in which the fees were earned, which price also represents the grant date fair value of
the DSU’s.
The following table shows fiscal 2013 DSU’s for each non-employee director given his or her deferral percentage
and Pier 1 Imports’ match:
Name
Deferral
%
Fiscal
Year
2013
Fees
Deferred
($)
DSU’s
Converted
from
Deferred
Fees
(#)
DSU’s
Converted
from 25%
Company
Match
(#)
Dividends
Deferred
During
Fiscal Year
2013
($)
DSU’s
Converted
from
Deferred
Dividends
(#)
Aggregate
DSU’s
Owned at
Fiscal
2013
Year-End
(#)
Claire H. Babrowski 0% $ 0 0 0 $ 0 0 0
Cheryl A. Bachelder
(elected October 11, 2012)
0%/100%(b) $ 25,000 1,121 280 $ 0 0 1,401
John H. Burgoyne 75%/50%(c) $123,958 6,666 1,428 $40,759 2,145 244,857
Hamish A. Dodds 50% $ 75,000 3,996 999 $ 1,954 102 14,033
Michael R. Ferrari(a)
(resigned January 22, 2013)
20%/0%(d) $ 29,857 1,654 344 $32,545 1,714 0
Brendan L. Hoffman 50% $ 75,000 3,996 999 $ 1,954 102 14,033
Terry E. London 10% $ 20,899 1,107 200 $28,874 1,521 171,436
Cece Smith 100%/0%(e) $140,976 7,737 1,718 $33,361 1,755 201,266
(a) Mr. Ferrari was credited with 192,786.54 DSU’s at the time of his resignation as a director on January 22, 2013.
Those DSU’s received dividends in the form of additional DSU’s of 440.76 based on the cash dividends payable
by Pier 1 Imports on its common stock on January 30, 2013. The total balance of Mr. Ferrari’s DSU’s were
exchanged for an equal number of shares of Pier 1 Imports’ common stock and were subsequently delivered to
him. The closing price of Pier 1 Imports’ common stock on January 22, 2013 was $21.95 and on January 30,
2013 was $21.87.
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