Wills Lance J 4
4 · PIER 1 IMPORTS INC/DE · Filed Jun 24, 2019
Insider Transaction Report
Form 4
Wills Lance J
Exec. Vice President, CIO
Transactions
- Award
Cash-Settled Restricted Stock Units
2019-06-20+19,231→ 19,231 totalExercise: $0.00→ Cash-Settled Restricted Stock Units (19,231 underlying) - Award
Common Stock
2019-06-20+19,230→ 32,388 total
Footnotes (3)
- [F1]Effective June 20, 2019, the Issuer effected a 1-for-20 reverse stock split of its common stock. The reporting person's beneficial ownership in this Form 4 has been adjusted for the reverse stock split.
- [F2]The restricted stock units will vest, in three equal annual installments, on each of the first three anniversaries of the grant date, beginning June 20, 2020.
- [F3]Each restricted stock unit represents the right to receive a cash payment equal to the fair market value of a share of the Issuer's common stock as of the vesting date.