FERRARI MICHAEL R 4
4 · PIER 1 IMPORTS INC/DE · Filed Feb 27, 2012
Insider Transaction Report
Form 4
FERRARI MICHAEL R
Director
Transactions
- Award
common stock
2012-02-24$16.44/sh+266.12$4,375→ 192,415.89 total
Footnotes (1)
- [F1]Deferred stock units pursuant to a Director Deferred Stock Unit Award for Non-Employee Directors under the Pier 1 Imports, Inc. 2006 Stock Incentive Plan, restated as amended. The deferred stock units are with respect to the deferred non-employee compensation for February 2012, pursuant to the Issuer's non-employee director compensation plan, as amended. The deferred stock units were credited to the reporting person's deferred stock units account which account is maintained by the Issuer, on February 24, 2012, and are to be settled within five (5) business days after the person ceases being a member of the Board of Directors. Each deferred stock unit is the economic equivalent of one share of the Issuer's common stock.