Pier 1 Imports 2008 Executive Officers Equity Compensation Summary under 2006 Stock Incentive Plan

Summary

This document summarizes equity compensation awards granted to three executive officers of Pier 1 Imports, Inc. on April 11, 2008, under the company's 2006 Stock Incentive Plan. Charles H. Turner, Jay R. Jacobs, and David A. Walker each received restricted stock and stock options, with the options exercisable at $7.45 per share, the closing price on the grant date. The summary outlines the number of shares and options awarded to each executive.

EX-10.1 2 a5661470ex10-1.txt EXHIBIT 10.1 Exhibit 10.1 Executive Officers Equity Compensation Summary ---------------------------------------------- Restricted Stock* Executive Officer (TimeVesting)(#) Stock Options* (#) Charles H. Turner Executive Vice President, Chief Financial Officer 15,000 45,000 Jay R. Jacobs 15,000 45,000 Executive Vice President, Merchandising David A. Walker Executive Vice President, 10,000 35,000 Planning and Allocations *All equity awards were granted under the Pier 1 Imports, Inc. 2006 Stock Incentive Plan. The grants were effective April 11, 2008 and the stock options have an exercise price of $7.45, which was the NYSE closing price of the Company's Common Stock on Friday, April 11, 2008.