SEC Form 4 · accession 0001183887-16-000494
PIER 1 IMPORTS INC/DE · PIR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cynthia McCague
Director
Period of report
Aug 3, 2016
Accepted (ET)
Aug 4, 2016 · 3:39 pm EDT
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 | Aug 3, 2016 | A | 373 | $5.11 | A | 29,096 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Deferred 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 August 3, 2016. 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 July 20, 2016 (record date for the dividend) divided by $5.11, the closing price of the Issuer's common stock on August 3, 2016 (dividend payable date). The deferred stock units were credited to the reporting person's deferred stock units account maintained by the Issuer, on August 3, 2016, 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.