SEC Form 4 · accession 0000039911-15-000058
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff Kirwan
Officer — Global President, Gap
Period of report
Mar 12, 2015
Accepted (ET)
Mar 13, 2015 · 9:26 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 | 3,949 | $0.00 | A | 4,426 | D | |
| Common Stock | Mar 12, 2015 | F | 1,459 | $41.42 | D | 2,967 | D | |
| Common Stock | holding | — | — | — | 1,037 | I | By 401(k) Plan |
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 | 3,949 | D | — | — | Common Stock | 3,949 | 101,122 | 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 7,897 restricted stock units, with 3,948 shares vesting on the second anniversary of the grant date and 3,949 shares vesting on the third anniversary of the grant date.