Pier 1 2016 Annual Report Download - page 98

SHARE OWNERSHIP
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 27,
2016, February 28, 2015, and March 1, 2014,” and all directors and executive officers as a group, as of April 25, 2016, unless otherwise
indicated below:
NAME OF
BENEFICIAL OWNER
COMMON SHARES
BENEFICIALLY
OWNED (1)(2)
PERCENT
OF CLASS
Claire H. Babrowski 20,344 *
* 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 25, 2016, upon the exercise of stock options: Mr. Benkel (10,000 shares),
Mr. London (6,000 shares), Mr. Smith (944,000 shares), and all directors and executive
officers as a group (982,500 shares).
(2) The table includes DSUs as of April 25, 2016, for Ms. Bachelder (56,878 DSUs),
Mr. Dodds (39,700 DSUs), Mr. Hoffman (39,700 DSUs), Mr. London (190,459 DSUs),
Ms. McCague (22,990 DSUs), and Mr. Peel (44,034 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 27, 2016 –
Fees Paid to Directors.” A DSU is the economic equivalent of one share of Pier 1
Imports common stock.
Cheryl A. Bachelder 58,940 *
Michael R. Benkel 213,913 *
Jeffrey N. Boyer 93,443 *
Laura A. Coffey 113,873 *
Catherine David 242,546 *
Hamish A. Dodds 39,700 *
Brendan L. Hoffman 39,700 *
EricW. Hunter 118,173 *
Sharon M. Leite 5,132 *
Terry E. London 196,459 *
CynthiaP. McCague 22,990 *
Michael A. Peel 44,034 *
Ann M. Sardini 18,863 *
Alexander W. Smith 3,086,392 3.64%
All directors and executive
officersasagroup
(17 individuals) 4,753,607 5.58%
Security Ownership of Certain Beneficial Owners
The following table indicates the ownership by each person who is known by Pier 1 Imports as of April 25, 2016, to beneficially own
more than 5% of Pier 1 Imports common stock:
NAME AND ADDRESS
OF BENEFICIAL OWNER
COMMON SHARES
BENEFICIALLY
OWNED
PERCENT
OF CLASS
T. Rowe Price Associates, Inc.
100 E. Pratt Street
Baltimore, MD 21202
15,269,350 (1) 17.6%
(1) This information was obtained from a Schedule 13G/A filed with the SEC on February 9,
2016, by T. Rowe Price Associates, Inc. jointly with subsidiaries T. Rowe Price Small-Cap
Stock Fund, Inc. and T. Rowe Price Small-Cap Value Fund, Inc. The filing indicates that
T. Rowe Price Associates, Inc. has sole voting power over 2,712,740 shares and sole
dispositive power over all of the shares. The filing further indicates that T. Rowe Price
Small-Cap Stock Fund, Inc. has sole voting power over 5,427,000 shares and that T.
Rowe Price Small-Cap Value Fund, Inc. has sole voting power over 4,784,290 shares.
(2) This information was obtained from a Schedule 13G filed with the SEC on January 29,
2016, by Wells Fargo & Company jointly with subsidiaries Metropolitan West Capital
Management, LLC and Wells Capital Management Incorporated. The filing indicates
that Wells Fargo & Company has sole dispositive and voting power over 26,204 shares,
shared voting power over 6,026,185 shares and shared dispositive power over
6,920,105 shares. Metropolitan West Capital Management, LLC has shared voting
power over 5,645,444 of the shares and shared dispositive power over 6,911,864
shares, and Wells Capital Management Incorporated has shared voting power over
5,505,210 shares and shared dispositive power over 6,771,630 shares.
(3) This information was obtained from a Schedule 13G/A filed with the SEC on
February 11, 2016, by The Vanguard Group as beneficial owner of the shares. The filing
indicates that the beneficial owner has sole voting power over 198,340 shares, shared
voting power over 8,100 shares, sole dispositive power over 5,562,131 shares, and
shared dispositive power over 198,940 shares. According to the filing, the shares listed
include shares held by Vanguard Fiduciary Trust Company, a wholly-owned subsidiary
of The Vanguard Group, Inc., who is the beneficial owner of 190,840 shares or 0.22% of
the common stock outstanding of Pier 1 Imports as a result of its serving as investment
manager of collective trust accounts. The filing also indicates that the shares include
shares held by Vanguard Investments Australia, Ltd., a wholly-owned subsidiary of The
Vanguard Group, Inc., which is the beneficial owner of 15,600 shares or 0.01% of the
common stock outstanding of Pier 1 Imports as a result of its serving as investment
manager of Australian investment offerings.
(4) This information was obtained from a Schedule 13G/A filed with the SEC on
January 27, 2016, by BlackRock, Inc. as beneficial owner of the shares. The filing
indicates that the beneficial owner has sole voting power over 4,555,379 shares and
sole dispositive power over all the shares.
Wells Fargo & Company
420 Montgomery Street
San Francisco, CA 94104
6,946,309 (2) 8.01%
The Vanguard Group
100 Vanguard Blvd.
Malvern, PA 19355
5,761,071 (3) 6.64%
BlackRock, Inc.
55 East 52nd Street
New York, NY 10055
4,770,347 (4) 5.5%
16 PIER 1 IMPORTS, INC. | 2016 Proxy Statement