PIER 1 IMPORTS INC/DE 4
4 · PIER 1 IMPORTS INC/DE · Filed May 11, 2017
Insider Transaction Report
Form 4
McCague Cynthia
Director
Transactions
- Award
common stock
2017-05-10$6.87/sh+416.26$2,860→ 42,428.7 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. 2015 Stock Incentive Plan. The deferred stock units are with respect to a $0.07 per common share dividend paid by the Issuer on May 10, 2017. 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 26, 2017 (record date for the dividend) divided by $6.87, the closing price of the Issuer's common stock on May 10, 2017 (dividend payable date). The deferred stock units were credited to the reporting person's deferred stock units account maintained by the Issuer, on May 10, 2017, 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.