Sec Form 13G Filing - GREEK INVESTMENTS INC filing for PIER 1 IMPORTS INC (PIR) - 2014-02-14

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Initial Filing)

 

Pier 1 Imports, Inc.

(Name of Issuer)

 

Common Stock, $1.00 Par Value

(Title of Class of Securities)

 

720279108

(CUSIP Number)

 

December 31, 2013

(Date of Event Which Requires Filing of This Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨Rule 13d-1(b)
xRule 13d-1(c)
¨Rule 13d-1(d)

 

Page 1 of 12
 

 

CUSIP No. 720279108

 

1

NAMES OF REPORTING PERSONS                     Greek Investments, Inc.                           

 

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS              Not Applicable                           

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                     (a) ¨

                                                                                                                                      (b) ¨

 

3

SEC USE ONLY                                                                                                                                  

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION                   Turks & Caicos Islands                                 

 

 

NUMBER

OF

SHARES

BENEFICIALLY

OWNED

BY

EACH

REPORTING

PERSON WITH

 

5

SOLE VOTING POWER                                   0                                           

 

6

SHARED VOTING POWER                                0                                        

 

7

SOLE DISPOSITIVE POWER                          0                                           

 

8 SHARED DISPOSITIVE POWER                     0                                          

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   0

 

10

CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES                       

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                               0%                       

 

12 TYPE OF REPORTING PERSON (See Instructions)                            CO                                                  

 

Page 2 of 12
 

 

CUSIP No. 720279108

 

1

NAMES OF REPORTING PERSONS                     Panayotis Constantino                           

 

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS              Not Applicable                           

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                     (a) ¨

                                                                                                                                      (b) ¨

 

3

SEC USE ONLY                                                                                                                                  

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION                   Venezuela                                                  

 

 

NUMBER

OF

SHARES

BENEFICIALLY

OWNED

BY

EACH

REPORTING

PERSON WITH

 

5

SOLE VOTING POWER                                   0                                           

 

6

SHARED VOTING POWER                                0                                        

 

7

SOLE DISPOSITIVE POWER                          0                                           

 

8 SHARED DISPOSITIVE POWER                     0                                          

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   0

 

10

CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES                       

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                               0%                       

 

12 TYPE OF REPORTING PERSON (See Instructions)                            IN                                                   

 

Page 3 of 12
 

 

CUSIP No. 720279108

 

1

NAMES OF REPORTING PERSONS                     Milany Limited                           

 

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS              Not Applicable                           

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                     (a) ¨

                                                                                                                                      (b) ¨

 

3

SEC USE ONLY                                                                                                                                  

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION                   Cayman Islands                                        

 

NUMBER

OF

SHARES

BENEFICIALLY

OWNED

BY

EACH

REPORTING

PERSON WITH

 

5

SOLE VOTING POWER                                   0                                           

 

6

SHARED VOTING POWER                                0                                        

 

7

SOLE DISPOSITIVE POWER                          0                                           

 

8 SHARED DISPOSITIVE POWER                     0                                          

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   0

 

10

CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES                       

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                               0%                       

 

12 TYPE OF REPORTING PERSON (See Instructions)                            CO                                                  

 

Page 4 of 12
 

 

CUSIP No. 720279108

 

1

NAMES OF REPORTING PERSONS                     Nisos Purpose Trust                           

 

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS         & #xA0;    Not Applicable                           

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                     (a) ¨

                                                                                                                                      (b) ¨

 

3

SEC USE ONLY                                                                                                                                  

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION                   Cayman Islands                                        

 

NUMBER

OF

SHARES

BENEFICIALLY

OWNED

BY

EACH

REPORTING

PERSON WITH 

 

5

SOLE VOTING POWER                                   0                                           

 

6

SHARED VOTING POWER                                0                                        

 

7

SOLE DISPOSITIVE POWER                          0                                           

 

8 SHARED DISPOSITIVE POWER                     0                                          

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   0

 

10

CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES                       

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                               0%                       

 

12 TYPE OF REPORTING PERSON (See Instructions)                            OO                                                  

 

Page 5 of 12
 

 

CUSIP No. 720279108

 

1

NAMES OF REPORTING PERSONS                     AMCO PTC                                     

 

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS              Not Applicable                           

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                     (a) ¨

                                                                                                                                      (b) ¨

 

3

SEC USE ONLY                  & #xA0;                                                                                                               

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION                   Cayman Islands                                        

 

NUMBER

OF

SHARES

BENEFICIALLY

OWNED

BY

EACH

REPORTING

PERSON WITH 

 

5

SOLE VOTING POWER                                   0                                           

 

6

SHARED VOTING POWER                                0                                        

 

7

SOLE DISPOSITIVE POWER                          0                                           

 

8 SHARED DISPOSITIVE POWER                     0                                          

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   0

 

10

CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES                       

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                               0%                       

 

12 TYPE OF REPORTING PERSON (See Instructions)                            CO                                                  

 

Page 6 of 12
 

 

Item 1(a). Name of Issuer:
   
  Pier One, Inc.
   
Item 1(b). Address of Issuer’s Principal Executive Offices:
   
  100 Pier One Place
  Fort Worth, TX 76102

 

Item 2(a). Names of Persons Filing:

 

This Statement is filed jointly by (i)  Greek Investments, Inc., a Turks & Caicos company (“Greek Investments”), (ii) Panayotis Constantinou, a Venezuelan citizen (“P. Constantinou”), (iii) Milany Limited, a Cayman Islands exempted company (“Milany”), (iv) Eleonas Ltd holds the voting share in Milany Limited (“Eleonas”), (v) the Nisos Purpose Trust (the “Nisos Trust”), and (vi) AMCO PTC, Cayman Islands exempted company (“AMCO”), as trustee on behalf of the Nisos Trust (Greek Investments, P. Constantinou, Milany, Eleonas, the Nisos Trust and AMCO are collectively referred to as the “Reporting Persons”).

 

The agreement among the Reporting Persons relating to the joint filing of this Statement is attached as Exhibit A to this Schedule 13G.  Information in this Schedule 13G with respect to each of the Reporting Persons is given solely by that particular Reporting Person, and none of the other Reporting Persons has any responsibility for the accuracy or completeness of information with respect to any other Reporting Person.

 

Item 2(b). Addresses of Principal Business Offices or, if none, Residences:

 

The principal business office for Greek Investments is Harbour House Queen Street, Grand Turk, Turks and Caicos Islands.  The mailing address of Greek Investments is P.O. Box 10908, Caparra Heights Station, San Juan, Puerto Rico 00922-0908.

 

The principal address of each of P. Constantinou is Zalokosta 14, Paleo Psihiko, Athens 15452, Greece.

 

The principal business address of each of Milany, the Nisos Trust and AMCO is P.O. Box 1586 GT, 24 Shedden Road, George Town, Grand Cayman, KY1-1110.

 

Item 2(c). Citizenship:
   
  Reference is made to Item 4 of each of the cover pages to this Schedule 13G, which Items are incorporated by reference herein.

 

Page 7 of 12
 

 

Item 2(d). Title of Class of Securities:
   
  Common Stock, $1.00 Par Value
   
Item 2(e). CUSIP Number:
   
  720279108
   
Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
   
  None apply.
   
Item 4. Ownership:

 

  (a) Amount of Common Stock beneficially owned by the Reporting Persons:  0 (the “Shares”).  Each of the Reporting Persons, other than Greek Investments and Milany, disclaim beneficial ownership of the Shares reported as beneficially owned by any such Reporting Person, and the filing of this Schedule 13G shall not be construed as an admission that any such person is the beneficial owner of any such securities.

 

  (b) Percent of class of Common Stock beneficially owned by the Reporting Persons:

 

4.86%

 

  (c) Number of shares of Common Stock to which each Reporting Person has:

 

  (i) sole power to vote or to direct the vote:

 

See Item 5 of cover pages for each Reporting Person, which is incorporated herein by reference.

 

  (ii) shared power to vote or to direct the vote:

 

See Item 6 of cover pages for each Reporting Person, which is incorporated herein by reference.

 

  (iii) sole power to dispose or to direct the disposition of:

 

See Item 7 of cover pages for each Reporting Person, which is incorporated herein by reference.

 

  (iv) shared power to dispose or to direct the disposition of:

 

See Item 8 of cover pages for each Reporting Person, which is incorporated herein by reference.

 

Page 8 of 12
 

 

Item 5. Ownership of Five Percent or Less of a Class:

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following      x.

 

Following a restructuring of the ownership of Greek Investments on July 25, 2011, none of the Reporting Persons, other than Greek Investments and Milany, retained an economic interest in the Shares.  Another person, Cubiro Investments Limited, owns all of the rights to receive, or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares.

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person:
   
  Not applicable.
   
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:
   
  Not applicable.
   
Item 8. Identification a nd Classification of Members of the Group:
   
  Not applicable.
   
Item 9. Notice of Dissolution of Group:
   
  Not applicable.
   
Item 10. Certification:
   
  By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

Page 9 of 12
 

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated:  February 14, 2014  
   
GREEK INVESTMENTS, INC.  
   
/s/ Panayotis Constantinou  
PANAYOTIS CONSTANTINOU  
Director  
   
/s/ Panayotis Constantinou  
PANAYOTIS CONSTANTINOU  
   
MILANY LIMITED  
   
/s/ Fay Anne de Freitas and /s/ Ashleigh Moore  
FAY ANNE DE FREITAS AND ASHLEIGH MOORE  
Authorized Signatories of Troynom Ltd and Cayroy Ltd.  
   
NISOS PURPOSE TRUST, AMCO PTC AS TRUSTEE  
   
/s/ Brian Taylor and /s/ Piers Stradling  
BRIAN TAYLOR AND PIERS STRADLING  
Directors  
   
AMCO PTC  
   
/s/ Brian Taylor and /s/ Piers Stradling  
BRIAN TAYLOR AND PIERS STRADLING  
Directors  

 

Exhibit Index

 

Exhibit A Joint Filing Undertaking

 

Page 10 of 12
 

 

EXHIBIT A

JOINT FILING UNDERTAKING

 

The undersigned, being authorized thereunto, hereby execute this agreement as an exhibit to this Schedule 13G to evidence the agreement of the below-named parties, in accordance with rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule, as it may be amended, jointly on behalf of such parties.

 

Dated:  February  14, 2014  
   
GREEK INVESTMENTS, INC.  
   
/s/ Panayotis Constantinou  
PANAYOTIS CONSTANTINOU  
Director  
   
/s/ Panayotis Constantinou  
PANAYOTIS CONSTANTINOU  
   
MILANY LIMITED  
   
/s/ Fay Anne de Freitas and /s/ Ashleigh Moore  
FAY ANNE DE FREITAS AND ASHLEIGH MOORE  
Authorized Signatories of Troynom Ltd and Cayroy Ltd.  
   
NISOS PURPOSE TRUST, AMCO PTC AS TRUSTEE  
   
/s/ Brian Taylor and /s/ Piers Stradling  
BRIAN TAYLOR AND PIERS STRADLING  
Directors  
   
AMCO PTC  
   
/s/ Brian Taylor and /s/ Piers Stradling  
BRIAN TAYLOR AND PIERS STRADLING  
Directors  

 

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

 

Page 11 of 12
 

 

Note.  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Section 240.13d-7 for other parties for whom copies are to be sent.

 

Attention. Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001.).

 

Page 12 of 12