Amended Statement of Changes in Beneficial Ownership (4/a)

FORM 4 [ X ] 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 OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* TOWLE & CO	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 _____ Officer (give title below) __ X __ Other (specify below) See Footnote 1 and Remarks
(Last) (First) (Middle) 1610 DES PERES ROAD, SUITE 250	3. Date of Earliest Transaction (MM/DD/YYYY) 4/6/2018
(Street) ST. LOUIS, MO 63131 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY) 4/10/2018	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ 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. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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. Trans. Date	2A. Deemed Execution Date, if any	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)
Common Stock ⁽¹⁾	4/6/2018		J		1580	D	$3.43	8763835 ⁽¹⁾	I	See Footnote (1) and (2) ⁽¹⁾ ⁽²⁾
Common Stock ⁽¹⁾	4/6/2018		J		615	A	$3.43	8764450	I	See Footnote (1) and (2) ⁽¹⁾ ⁽²⁾
Common Stock ⁽¹⁾	4/10/2018		P		275	A	$3.5282	8764725	I	See Footnote (1) and (2) ⁽¹⁾ ⁽²⁾

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		7. Title and Amount of Securities Underlying Derivative Security (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)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:
(1)	See Explanation of Responses/Remarks.
(2)	Transactions code J represents a client account termination which transferred PIR shares out in-kind, and a new client account which transferred in PIR shares.

Remarks:
This amendment is being filed to reflect that Towle & Co. ("Towle") is not subject to Section 16 of the Securities Exchange Act of 1940, as amended (the "Exchange Act") with respect to the issuer's securities. Towle, a registered investment adviser under Section 203 of the Investment Advisers Act of 1940, as amended, manages the accounts of its investment advisory clients on a discretionary basis in the ordinary course of its business, some of which may hold securities of the issuer. Towle has not acquired the securities of the issuer with the purpose or effect of changing or influencing control of the issuer or engaging in any arrangement subject to Exchange Act Rule 13d-3(b). There is no agreement or understanding among Towle's investment advisory clients to act together for the purpose of acquiring, holding, voting, or disposing of any securities. Based on the foregoing facts and pursuant to Exchange Act Rule 16a-1(a)(1)(v), Towle is not deemed to be a beneficial owner of the issuer's securities held for the benefit of its investment advisory clients, not is Towle subject to Section 16 of the Exchange Act with respect to the issuer's securities. Accordingly, Form 4s need not be filed on behalf of Towle as this time and will not be filed going forward unless and until required under the Exchange Act.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
TOWLE & CO 1610 DES PERES ROAD SUITE 250 ST. LOUIS, MO 63131				See Footnote 1 and Remarks

Signatures
Matthew Hardin		4/23/2018
^** 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 control number.