X0304 4 2012-01-27 0 0000278130 PIER 1 IMPORTS INC/DE PIR 0001255403 LONDON TERRY E 100 PIER 1 PLACE FORT WORTH TX 76102 1 0 0 0 common stock 2012-01-27 4 A 0 110.68 16 A 168500.86 D Deferred stock units pursuant to a Director Deferred Stock Unit Award for Non-Employee Directors granted under the Pier 1 Imports, Inc. 2006 Stock Incentive Plan, restated as amended. The deferred stock units are with respect to the deferred non-employee compensation for January 2012, pursuant to the Issuer's non-employee director compensation plan, as amended. The deferred stock units were credited to the reporting person's deferred stock units account which account is maintained by the Issuer, on January 27, 2012, 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. /s/ Terry E. London By: Michael A. Carter, Atty-in-Fact 2012-01-30