SEC Form 4 · accession 0001183887-17-000129
PIER 1 IMPORTS INC/DE · PIR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alasdair James
Officer — President & CEO · Director
Period of report
May 2, 2017
Accepted (ET)
May 3, 2017 · 5:17 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 | May 2, 2017 | A | 616,046 | $0.00 | A | 616,046 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $6.68 | May 2, 2017 | A | 310,969 | A | — | May 2, 2027 | Common Stock | 310,969 | 310,969 | D |
Explanation of responses
- F1The option will vest 25% on the 3rd anniversary of the grant (May 2, 2020), 25% on the 4th anniversary of the grant (May 2, 2021), and 50% on the 5th anniversary of the grant (May 2, 2022).