Pier 1 Imports chief executive buys shares

By Associated Press
July 9, 2008
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The president and chief executive of home-accessories retailer Pier 1 Imports Inc. bought 25,000 shares of stock, according to a Securities and Exchange Commission filing Tuesday.

In a Form 4 filed with the SEC, Alex Smith reported he bought the shares for $3.52 to $3.55 apiece on Tuesday.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Pier 1 is based in Fort Worth, Texas.
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