SEC Form 4 · accession 0000039911-15-000134
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Domenico De Sole
Director
Period of report
Jun 6, 2015
Accepted (ET)
Jun 8, 2015 · 5:53 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 Stock | Jun 6, 2015 | M | 883 | $0.00 | A | 32,719 | D | |
| Common Stock | Jun 6, 2015 | M | 5,446 | $0.00 | A | 38,165 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent RightsF1,F2,F3 | $0.00 | Jun 6, 2015 | A | 144 | A | — | — | Common Stock | 144 | 1,089 | D |
| Dividend Equivalent RightsF1,F4,F3 | $0.00 | Jun 6, 2015 | M | 884 | D | — | — | Common Stock | 884 | 205 | D |
| Stock UnitsF5,F6,F3 | $0.00 | Jun 6, 2015 | M | 5,446 | D | — | — | Common Stock | 5,446 | 11,290 | D |
Explanation of responses
- F1Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock.
- F2The dividend equivalent rights accrued on stock units originally granted on June 6, 2007 and are immediately vested. Vested shares are delivered to the reporting person no sooner than 3 years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.
- F3Not applicable.
- F4These shares were issued in settlement of dividend equivalent rights accrued on stock units granted on June 6, 2007.
- F5Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
- F6These share were issued in settlement of stock units granted on June 6, 2007.