SEC Form 4 · accession 0000039911-15-000004
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack Calhoun
Officer — Glob. Pres., Banana Republic
Period of report
Jan 12, 2015
Accepted (ET)
Jan 13, 2015 · 5:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000039911
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 12, 2015 | M | 20,000 | $36.45 | A | 28,263 | D | |
| Common Stock | Jan 12, 2015 | M | 50,000 | $25.09 | A | 78,263 | D | |
| Common Stock | Jan 12, 2015 | S | 70,000 | $42.2216 | D | 8,263 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $25.09 | Jan 12, 2015 | M | 50,000 | D | — | Mar 12, 2022 | Common Stock | 50,000 | 50,000 | D |
| Non-Qualified Stock Option (right to buy)F1 | $36.45 | Jan 12, 2015 | M | 20,000 | D | — | Mar 18, 2023 | Common Stock | 20,000 | 60,000 | D |
Explanation of responses
- F1The options under this grant become exercisable in four equal annual installments beginning one year from date of grant. Date of grant is 10 years prior to expiration date.