SEC Form 4 · accession 0001183887-15-000014
PIER 1 IMPORTS INC/DE · PIR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R Benkel
Officer — Exec VP-Planning & Allocations
Period of report
Jan 20, 2015
Accepted (ET)
Jan 21, 2015 · 5:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000278130
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common stock | Jan 20, 2015 | M | 10,000 | $4.24 | A | 173,390 | D | |
| common stockF2 | Jan 20, 2015 | S | 10,000 | $16.1571 | D | 163,390 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to Buy)F1 | $4.24 | Jan 20, 2015 | M | 10,000 | D | — | Sep 15, 2018 | common stock | 10,000 | 10,000 | D |
Explanation of responses
- F1The option, representing a right to purchase a total of 30,000 shares, became exercisable in four equal annual installments beginning on September 15, 2009, which was the first anniversary of the date on which the option was granted.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.1512 to $16.1650, inclusive. The reporting person undertakes to provide Pier 1 Imports, Inc., any security holder of Pier 1 Imports, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.