Form 4 CONSTANTINO JORGE For: Oct 30 (10K)

FORM 4

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

GREEK INVESTMENTS INC

(Last)

(First)

(Middle)

PO BOX 10908

(Street)

SAN JUAN

00922

(City)

(State)

(Zip)

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	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/30/2009

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
PIER 1 IMPORTS INC/DE [PIR]	10/30/2009		P		16,700	A	$ 3.46	12,016,138	D
PIER 1 IMPORTS INC/DE [PIR]	10/30/2009		P		20,300	A	$ 3.36	12,036,438	D
PIER 1 IMPORTS INC/DE [PIR]	10/30/2009		P		17,800	A	$ 3.4	12,054,238	D
PIER 1 IMPORTS INC/DE [PIR]	10/30/2009		P		210	A	$ 3.4505	12,054,448	D
PIER 1 IMPORTS INC/DE [PIR]	10/30/2009		P		2,430	A	$ 3.34	12,056,878	D
PIER 1 IMPORTS INC/DE [PIR]	11/02/2009		P		50,000	A	$ 3.6153	12,106,878	D
PIER 1 IMPORTS INC/DE [PIR]	11/02/2009		P		50,000	A	$ 3.5815	12,156,878	D
PIER 1 IMPORTS INC/DE [PIR]	11/02/2009		P		50,000	A	$ 3.6084	12,206,878	D

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

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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
(Month/Day/Year)

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

1. Name and Address of Reporting Person^*

GREEK INVESTMENTS INC

(Last)

(First)

(Middle)

PO BOX 10908

(Street)

SAN JUAN

00922

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

CONSTANTINO PANAYOTIS

(Last)

(First)

(Middle)

PO BOX 10908

(Street)

SAN JUAN

00922

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

CONSTANTINO JORGE

(Last)

(First)

(Middle)

PO BOX 10908

(Street)

SAN JUAN

00922

(City)

(State)

(Zip)

Explanation of Responses:

	/s/ Panayotis Constantino	10/30/2009
	/s/ Jorge Constantino	10/30/2009
	** Signature of Reporting Person	Date
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

EX-99

Unassociated Document

EXHIBIT A

JOINT FILING UNDERTAKING

The undersigned, being authorized thereunto, hereby execute this agreement as an exhibit to this Form 4 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 Form, as it may be amended, jointly on behalf of such parties.

Dated: October 30 , 2009

GREEK INVESTMENTS, INC.