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EXECUTIVE COMPENSATION
Grants of Plan-Based Awards for the Fiscal Year Ended February 28, 2015
Pier 1 Imports granted short-term incentive cash awards to Mr. Smith and the other NEOs for fiscal 2015 pursuant to the Pier 1
Imports, Inc. 2006 Stock Incentive Plan as described in the Compensation Discussion and Analysis – Executive Compensation
Components above.
Pier 1 Imports granted long-term incentive awards to the NEOs, other than Mr. Smith, for the 2015 fiscal year pursuant to the Pier 1
Imports, Inc. 2006 Stock Incentive Plan as described under “Long-Term Incentive” in the Compensation Discussion and Analysis –
Executive Compensation Components. Mr. Smith’s grants for fiscal 2015 are described above under “Chief Executive Officer
Compensation” in the Compensation Discussion and Analysis.
The restricted stock awards (performance-based and time-based) granted in fiscal 2015 are not eligible to receive cash dividends
prior to vesting.
The following table sets forth information relating to grants of plan-based awards during the fiscal year ended February 28, 2015 to
the NEOs shown in the table included under the caption “Summary Compensation Table for the Fiscal Years Ended, February 28,
2015, March 1, 2014, and March 2, 2013.”
Name Grant
Date
Estimated Future Payouts
Under Non-Equity
Incentive Plan Awards (1)
Estimated Future Payouts
Under Equity Incentive
Plan Awards (2)
All
other
Stock
Awards:
Number
of Shares
of Stock
or Units
(#)
All
Other
Option
Awards:
Number of
Securities
Underlying
Options
(#)
Exercise
or Base
Price of
Option
Awards
($/Share)
Grant
Date
Fair
Value of
Stock
and
Option
Awards (3)
($)
Threshold
($) Target
($) Maximum
($) Threshold
(#) Target
(#) Maximum
(#)
Alexander W. Smith 04/03/2014 $143,750 $1,437,500 $3,000,000 – N/A – – N/A N/A N/A
02/26/2012 – – – 31,250 62,500 62,500 – N/A N/A $1,168,125
03/03/2013 – – – 20,000 40,000 40,000 – N/A N/A $ 747,600
03/02/2014 – – – 20,000 40,000 40,000 – N/A N/A $ 747,600
03/02/2014 – – – 15,000 30,000 75,000 – N/A N/A $ 745,800
Charles H. Turner
(retired February 10, 2015) 04/03/2014 $ 38,000 $ 380,000 $ 950,000 – N/A – – N/A N/A N/A
04/06/2012 – – – 1,632 3,264 3,264 – N/A N/A $ 61,004
04/12/2013 – – – 1,211 2,422 2,422 – N/A N/A $ 45,267
04/11/2014 – – – 1,433 2,866 2,866 – N/A N/A $ 50,957
04/11/2014 – – – 1,240 2,481 6,202 – N/A N/A $ 56,066
04/11/2014 – – – 1,861 3,723 9,307 – N/A N/A $ 165,478
04/11/2014 – – – – N/A – 9,927 N/A N/A $ 176,502
Laura A. Coffey 04/03/2014 $ 15,515 $ 155,146 $ 387,865 – N/A – – N/A N/A N/A
04/06/2012 – – – 603 1,206 1,206 – N/A N/A $ 22,540
04/12/2013 – – – 481 963 963 – N/A N/A $ 17,998
04/11/2014 – – – 591 1,182 1,182 – N/A N/A $ 21,016
04/11/2014 – – – 512 1,024 2,560 – N/A N/A $ 23,142
04/11/2014 – – – 768 1,536 3,840 – N/A N/A $ 68,275
04/11/2014 – – – – N/A – 4,096 N/A N/A $ 72,827
Michael R. Benkel 04/03/2014 $ 26,625 $ 266,250 $ 665,625 – N/A – – N/A N/A N/A
04/06/2012 – – – 1,134 2,268 2,268 – N/A N/A $ 42,389
04/12/2013 – – – 841 1,683 1,683 – N/A N/A $ 31,455
04/11/2014 – – – 1,086 2,172 2,172 – N/A N/A $ 38,618
04/11/2014 – – – 940 1,881 4,702 – N/A N/A $ 42,506
04/11/2014 – – – 1410 2,821 7,052 – N/A N/A $ 125,385
04/11/2014 – – – – N/A – 7,523 N/A N/A $ 133,759
10/16/2014 – – – – N/A – 40,760 N/A N/A $ 501,348
Catherine David 04/03/2014 $ 32,125 $ 321,250 $ 803,125 – N/A – – N/A N/A N/A
04/06/2012 – – – 1,408 2,817 2,817 – N/A N/A $ 52,650
04/12/2013 – – – 1,070 2,141 2,141 – N/A N/A $ 40,015
04/11/2014 – – – 1,297 2,594 2,594 – N/A N/A $ 46,121
04/11/2014 – – – 1,123 2,247 5,617 – N/A N/A $ 50,778
04/11/2014 – – – 1,685 3,370 8,425 – N/A N/A $ 149,797
04/11/2014 – – – – N/A – 8,986 N/A N/A $ 159,771
10/16/2014 – – – – N/A – 40,760 N/A N/A $ 501,348
52 PIER 1 IMPORTS, INC. 2015 Proxy Statement