Sec Form 4 Filing - TURNER CHARLES H @ PIER 1 IMPORTS INC/DE - 2012-12-03

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
TURNER CHARLES H
2. Issuer Name and Ticker or Trading Symbol
PIER 1 IMPORTS INC/DE [ PIR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Sr. Exec. Vice President & CFO
(Last) (First) (Middle)
C/O PIER 1 IMPORTS, INC., 100 PIER 1 PLACE
3. Date of Earliest Transaction (MM/DD/YY)
12/03/2012
(Street)
FORT WORTH, TX76102
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
common stock 11/30/2012 J( 1 ) V 730.0913 A $ 19.714 260,674.5811 D
common stock 12/03/2012 M 4,000 ( 2 ) A $ 7.55 264,674.5811 D
common stock 12/03/2012 S 4,000 ( 2 ) D $ 19.34 260,674.5811 D
common stock 12/03/2012 S 3,000 ( 4 ) D $ 19.34 257,674.5811 D
common stock 12/03/2012 S 3,500 ( 5 ) D $ 19.34 254,174.5811 D
common stock 12/03/2012 S 500 ( 5 ) D $ 19.5 253,674.5811 D
3. Transaction Date (MM/DD/YY)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (Right to Buy) $ 7.55 12/03/2012 M 4,000 ( 2 ) ( 3 ) 06/23/2016 common stock 4,000 $ 0 6,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
TURNER CHARLES H
C/O PIER 1 IMPORTS, INC.
100 PIER 1 PLACE
FORT WORTH, TX76102
Sr. Exec. Vice President & CFO
Signatures
/s/ Charles H. Turner By: Michael A. Carter, Atty-in-Fact 12/03/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On November 30, 2012, the Pier 1 Imports, Inc. Stock Purchase Plan, restated as amended, purchased in a transaction exempt under Rule 16b-3(c), 730.0913 shares of common stock for the reporting person's account. Such shares were purchased at $19.7140 per share, the average of the closing prices of the Issuer's common stock on the New York Stock Exchange for each Friday in the month of November 2012, during which contributions and reinvested dividends were credited to the reporting person's account for the purchase of common stock.
( 2 )Exercise and subsequent sale of shares pursuant to a Rule 10b5-1 trading plan dated July 6, 2012.
( 3 )The option vested in four equal installments on June 23, 2007, 2008, 2009 and 2010.
( 4 )Sale of shares pursuant to a Rule 10b5-1 trading plan dated July 6, 2012.
( 5 )Sale of shares pursuant to a Rule 10b5-1 trading plan dated October 1, 2012.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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