SEC Form 4 · accession 0000039911-15-000092
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andi Owen
Officer — Global Pres., Banana Republic
Period of report
Mar 18, 2015
Accepted (ET)
Mar 19, 2015 · 8:10 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 18, 2015 | M | 10,687 | $0.00 | A | 15,680 | D | |
| Common Stock | Mar 18, 2015 | F | 4,015 | $42.33 | D | 11,665 | D | |
| Common StockF3 | Mar 18, 2015 | S | 4,993 | $41.4262 | D | 6,672 | D | |
| Common StockF4 | Mar 19, 2015 | S | 6,672 | $42.38 | D | 0 | 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,F5 | $0.00 | Mar 18, 2015 | M | 10,687 | D | — | — | Common Stock | 10,687 | 100,737 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 16, 2015.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.04 to $41.56, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.20 to $42.61, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F5On March 18, 2013, the reporting person was granted 21,374 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.