SEC Form 4 · accession 0000039911-15-000094

GAP INC · GAP

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP, Supply Chain & Prod. Ops.

Period of report

Mar 18, 2015

Accepted (ET)

Mar 19, 2015 · 9:39 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
Common Stock^F1	Mar 18, 2015	M	2,500	$0.00	A	2,500	D
Common Stock	Mar 18, 2015	F	939	$42.33	D	1,561	D
Common Stock	Mar 19, 2015	S	1,561	$42.5626	D	0	D
Common Stock	Mar 19, 2015	M	3,750	$23.07	A	3,750	D
Common Stock	Mar 19, 2015	M	7,500	$21.79	A	11,250	D
Common Stock	Mar 19, 2015	M	7,500	$25.09	A	18,750	D
Common Stock^F2	Mar 19, 2015	S	18,750	$42.5164	D	0	D

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)^F3	$21.79	Mar 19, 2015	M	7,500	D	—	Mar 14, 2021	Common Stock	7,500	0	D
Non-Qualified Stock Option (right to buy)^F4	$23.07	Mar 19, 2015	M	3,750	D	—	Mar 15, 2020	Common Stock	3,750	0	D
Non-Qualified Stock Option (right to buy)^F5	$25.09	Mar 19, 2015	M	7,500	D	—	Mar 12, 2022	Common Stock	7,500	3,750	D
Restricted Stock Unit^F1,F6	$0.00	Mar 18, 2015	M	2,500	D	—	—	Common Stock	2,500	96,495	D

F1Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.51 to $42.55, 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.
F3On March 14, 2011, the reporting person was granted an option to purchase a total of 15,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F4On March 15, 2010, the reporting person was granted an option to purchase a total of 15,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F5On March 12, 2012, the reporting person was granted an option to purchase a total of 15,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F6On March 18, 2013, the reporting person was granted 5,000 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.