Pier 1 2015 Annual Report Download - page 98

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MATTERS RELATING TO CORPORATE GOVERNANCE, BOARD STRUCTURE, DIRECTOR COMPENSATION AND STOCK OWNERSHIP
Stock Options Outstanding
Non-employee director stock options outstanding on February 28, 2015 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
06/23/2016
07/01/2015
$ 7.55
$14.25
6,000
6,000
Total 12,000
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
February 28, 2015, March 1, 2014 and March 2, 2013,” and all directors and executive officers as a group, as of April 27, 2015,
unless otherwise indicated below:
Name of Beneficial Owner
Common
Shares
Beneficially
Owned (1)(2)
Percent
of
Class
Claire H. Babrowski 14,961 *
Cheryl A. Bachelder 28,447 *
Michael R. Benkel 170,832 *
Laura A. Coffey 95,493 *
Catherine David 187,147 *
Hamish A. Dodds 25,711 *
Brendan L. Hoffman 25,711 *
Sharon M. Leite 141,770 *
Terry E. London 191,297 *
Cynthia P. McCague 9,614 *
Michael A. Peel 17,355 *
Ann M. Sardini 6,161 *
Alexander W. Smith 3,276,708 3.6%
Charles H. Turner (retired February 10, 2015) 183,872 *
All directors and executive officers as a group (17 individuals) 4,634,804 5.07%
* 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 27, 2015, upon the exercise of stock options granted pursuant to Pier 1 Imports’ stock option plans:
Mr. Benkel (10,000 shares), Ms. Coffey (10,000 shares), Mr. London (12,000 shares), Mr. Smith (944,000 shares), Mr. Turner (60,000 shares), and to all directors and executive officers as
a group (1,028,500 shares).
(2) The table includes DSUs as of April 27, 2015, for Ms. Bachelder (26,386 DSUs), Mr. Dodds (25,711 DSUs), Mr. Hoffman (25,711 DSUs), Mr. London (179,297 DSUs), Ms. McCague (9,614
DSUs), and Mr. Peel (17,355 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 February 28, 2015 – Fees Paid to Directors.” A DSU is the economic equivalent of
one share of Pier 1 Imports common stock.
16 PIER 1 IMPORTS, INC. 2015 Proxy Statement