Pier 1 2014 Annual Report Download - page 94

Download and view the complete annual report

Please find page 94 of the 2014 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 136

  • 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

MATTERS RELATING TO CORPORATE GOVERNANCE, BOARD STRUCTURE, DIRECTOR COMPENSATION AND STOCK OWNERSHIP
Stock Options Outstanding
Non-employee director stock options outstanding on March 1, 2014 are shown below:
Name Grant Date Expiration Date Exercise Price
Aggregate Number
of Outstanding
Stock Options
(Exercisable)
Terry E. London 06/23/2006
07/01/2005
06/28/2004
06/23/2016
07/01/2015
06/28/2014
$ 7.5500
$14.2500
$17.2500
6,000
6,000
6,000
Total 18,000
Security Ownership of Directors and Executive Officers
The following table indicates the ownership of Pier 1 Imports’ common stock by each director and nominee, each named
executive officer shown below in the table included under the caption “Summary Compensation Table for the Fiscal Years Ended
March 1, 2014, March 2, 2013 and February 25, 2012,” and all directors and executive officers as a group, as of April 23, 2014,
unless otherwise indicated below:
Name of Beneficial Owner
Common
Shares
Beneficially
Owned (1)(2)
Percent
of
Class
Claire H. Babrowski 7,750 *
Cheryl A. Bachelder 13,605 *
Michael R. Benkel 143,063 *
John H. Burgoyne 262,857 *
Catherine David 148,316 *
Hamish A. Dodds 18,947 *
Brendan L. Hoffman 18,947 *
Sharon M. Leite 119,796 *
Terry E. London 192,482 *
Cynthia P. McCague 3,098 *
Michael A. Peel 4,350 *
Ann M. Sardini 1,483 *
Alexander W. Smith 3,007,600 3.15%
Cece Smith 251,981 *
Charles H. Turner 322,577 *
All directors and executive officers as a group (19 individuals) 5,011,825 5.2%
* Represents less than 1% of the outstanding shares of the class.
(1) The table includes shares that the person has the right to acquire within 60 days of April 23, 2014, upon the exercise of stock options granted pursuant to Pier 1 Imports’ stock option plans:
Mr. Benkel (20,000 shares), Mr. London (18,000 shares), Mr. Smith (944,000 shares), Mr. Turner (94,000 shares), and to all directors and executive officers as a group (1,168,500 shares).
(2) The table includes DSUs as of April 23, 2014, for Ms. Bachelder (11,543 DSUs), Mr. Burgoyne (252,420 DSUs), Mr. Dodds (18,947 DSUs), Mr. Hoffman (18,947 DSUs), Mr. London
(174,481 DSUs), Ms. McCague (3,097 DSUs), Mr. Peel (4,349 DSUs), and Ms. Smith (203,272 DSUs). The DSUs will be exchanged one-for-one for shares of Pier 1 Imports’ common stock
when the director ceases to be a member of the board of directors, as described above under the caption “Non-Employee Director Compensation for the Fiscal Year Ended March 1, 2014 —
Fees Paid to Directors.” A DSU is the economic equivalent of one share of Pier 1 Imports’ common stock.
16 PIER 1 IMPORTS, INC. 2014 Proxy Statement