SEC Form 4 · accession 0000039911-15-000054
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arthur L Peck
Officer — CEO · Director
Period of report
Mar 12, 2015
Accepted (ET)
Mar 13, 2015 · 7:27 pm EDT
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 StockF1,F2 | Mar 12, 2015 | M | 25,000 | $0.00 | A | 102,755 | D | |
| Common Stock | Mar 12, 2015 | F | 9,529 | $41.42 | D | 93,226 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F3 | $0.00 | Mar 12, 2015 | M | 25,000 | D | — | — | Common Stock | 25,000 | 50,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- F2Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan.
- F3On March 12, 2012, the reporting person was granted 50,000 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.