Pier 1 2008 Annual Report Download - page 96

amended and restated plan, each non-employee director will continue to receive an annual cash retainer of
$150,000. In addition, the audit committee chairman and compensation committee chairman will each continue
to receive an annual retainer of $25,000; the nominating and corporate governance committee chairman will
continue to receive an annual retainer of $10,000; and the non-executive chairman of the board will continue
to receive an annual retainer of $75,000. The annual retainers will be payable in advance at the beginning of
each fiscal year with Pier 1 Imports having the right to adjust the credited DSU’s of a non-employee director
who ceases to be a director of Pier 1 Imports for the amount of the fees paid and DSU’s credited for the
period after the non-employee director ceases to be a director. Pursuant to the amended and restated plan, 50%
of the non-employee director compensation will be deferred into DSU’s and each non-employee director may
elect to defer all or any portion of the remaining director compensation into an equivalent value of DSU’s.
Also, pursuant to the amended and restated plan, deferrals of the director annual retainer (but not the
committee chairman or chairman annual retainers) will continue to receive a 25% Pier 1 Imports’ match on
the deferred amount.
Security Ownership of Management
The following table indicates the ownership of Pier 1 Imports’ common stock by each director and
nominee, each executive officer named in the Summary Compensation Table below, and all directors and
executive officers as a group, as of April 21, 2008, unless otherwise indicated below:
Name of Beneficial Owner
Common
Shares
Beneficially
Owned(1)(2)
Percent
of
Class
John H. Burgoyne ............................................. 135,512 *
Michael R. Ferrari ............................................. 123,145 *
Robert B. Holland, III .......................................... 59,722 *
Gregory S. Humenesky . . ....................................... 100,869 *
Jay R. Jacobs ................................................ 547,887 *
Karen W. Katz ............................................... 124,232 *
Terry E. London .............................................. 64,586 *
Phil E. Schneider .............................................. 704,036(3) *
Alexander W. Smith ........................................... 1,075,000 1.19%
Cece Smith .................................................. 44,722 *
Tom M. Thomas .............................................. 208,397 *
Charles H. Turner ............................................. 564,808 *
David A. Walker .............................................. 609,143 *
All directors and executive officers as a group ........................ 4,522,953 4.87%
* Represents less than 1% of the outstanding shares of the class.
(1) The table includes shares acquired through and held by the Pier 1 Imports, Inc. Stock Purchase Plan as of
April 21, 2008 for Mr. Humenesky (961 shares), Mr. Jacobs (8,214 shares), Mr. Turner (9,051 shares), and
Mr. Walker (1,815 shares). The table also includes shares issuable within 60 days of April 21, 2008 to
Mr. Burgoyne (53,000 shares), Mr. Ferrari (53,000 shares), Mr. Holland (0 shares), Mr. Humenesky
(36,250 shares), Mr. Jacobs (460,000 shares), Mrs. Katz (41,000 shares), Mr. London (23,000 shares),
Mr. Schneider (650,000 shares), Mr. Smith (1,000,000 shares), Ms. Smith (0 shares), Mr. Thomas
(24,000 shares), Mr. Turner (467,500 shares), Mr. Walker (527,000 shares), and to all directors and execu-
tive officers as a group (3,423,500 shares) upon the exercise of stock options granted pursuant to Pier 1
Imports’ stock option plans.
(2) The table includes DSU’s as of April 21, 2008 for Mr. Burgoyne (78,075 DSU’s), Mr. Ferrari (67,245
DSU’s), Mr. Holland (44,722 DSU’s), Mrs. Katz (83,232 DSU’s), Mr. London (41,586 DSU’s), Ms. Smith
(44,722 DSU’s), and Mr. Thomas (134,397 DSU’s). The DSU’s will be exchanged one-for-one for shares
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