FERRARI MICHAEL R 4/A
4/A · PIER 1 IMPORTS INC/DE · Filed May 3, 2012
Insider Transaction Report
Form 4/AAmended
FERRARI MICHAEL R
Director
Transactions
- Award
common stock
2012-05-02$17.58/sh+431.76$7,590→ 193,332.85 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 a $.04 per common share dividend paid by the Issuer on May 2, 2012. The deferred stock units equal the product of the dividend payment amount per share multiplied by the number of deferred stock units credited to the reporting person as of April 18, 2012 (the record date for the dividend) divided by $17.58, the closing price of the Issuer's common stock on May 2, 2012 (the dividend payment date). The deferred stock units were credited to the reporting person's deferred stock units account maintained by the Issuer, on May 2, 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.