SEC Form 4 · accession 0000039911-15-000064
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Solomon Goldfarb
Officer — EVP, Digital & Customer Exp.
Period of report
Mar 14, 2015
Accepted (ET)
Mar 17, 2015 · 4:37 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 | Mar 14, 2015 | M | 1,250 | $0.00 | A | 3,787 | D | |
| Common Stock | Mar 14, 2015 | F | 469 | $41.13 | D | 3,318 | 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)F2 | $41.27 | Mar 16, 2015 | A | 30,000 | A | — | Mar 16, 2025 | Common Stock | 30,000 | 30,000 | D |
| Restricted Stock UnitF1,F3 | $0.00 | Mar 14, 2015 | M | 1,250 | D | — | — | Common Stock | 1,250 | 36,288 | D |
| Restricted Stock UnitF1,F4 | $0.00 | Mar 16, 2015 | A | 2,671 | A | — | — | Common Stock | 2,671 | 38,959 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- F2On March 16, 2015, the reporting person was granted an option to purchase a total of 30,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
- F3On March 14, 2011, the reporting person was granted 5,000 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
- F4On March 16, 2015, the reporting person was granted 2,671 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.