SEC Form 4 · accession 0000039911-15-000143
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
Jun 22, 2015
Accepted (ET)
Jun 23, 2015 · 7:20 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 22, 2015 | M | 535 | $25.09 | A | 8,186 | D | |
| Common Stock | Jun 22, 2015 | S | 535 | $39.00 | D | 7,651 | D | |
| Common Stock | holding | — | — | — | 1,066 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F2 | $25.09 | Jun 22, 2015 | M | 535 | D | — | Mar 12, 2022 | Common Stock | 535 | 6,965 | D |
Explanation of responses
- F1The exercise and sales reported in this Form 4 were affected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 27, 2015.
- F2The option, representing a right to purchase a total of 15,000 shares, becomes exercisable in four equal annual installments beginning on March 12, 2013, which was the first anniversary of the date on which the option was granted.