SEC Form 4 · accession 0000039911-15-000202
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arthur L Peck
Officer — CEO · Director
Period of report
Nov 15, 2015
Accepted (ET)
Nov 17, 2015 · 8:07 pm EST
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 | Nov 15, 2015 | M | 1,170 | $0.00 | A | 130,430 | D | |
| Common Stock | Nov 15, 2015 | F | 1,170 | $25.23 | D | 129,260 | D | |
| Common StockF2 | Nov 15, 2015 | M | 1,247 | $0.00 | A | 130,507 | D | |
| Common Stock | Nov 15, 2015 | F | 1,247 | $25.23 | D | 129,260 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF2,F3 | $0.00 | Nov 15, 2015 | M | 1,247 | D | — | — | Common Stock | 1,247 | 25,406 | D |
| Restricted Stock UnitF1,F4 | $0.00 | Nov 15, 2015 | M | 1,170 | D | — | — | Common Stock | 1,170 | 23,830 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- F2Each Performance Share represents a contingent right to receive one share of Gap Inc. Common Stock.
- F3Represents shares withheld for payment of employment tax liability arising as a result of reaching retirement eligibility with respect to a portion of a Performance Share award originally reported by the reporting person in a Form 4 filed with the Commission on March 17, 2015.
- F4Represents shares withheld for payment of employment tax liability arising as a result of reaching retirement eligibility with respect to a portion of a Restricted Stock Unit award originally reported by the reporting person in a Form 4 filed with the Commission on March 20, 2013.