SEC Form 4 · accession 0000039911-16-000243
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Julie Gruber
Officer — EVP & Global General Counsel
Period of report
Mar 14, 2016
Accepted (ET)
Mar 16, 2016 · 6:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000039911
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $30.18 | Mar 14, 2016 | A | 100,000 | A | — | Mar 14, 2026 | Common Stock | 100,000 | 100,000 | D |
| Restricted Stock UnitF2,F3,F4 | $0.00 | Mar 14, 2016 | A | 20,000 | A | — | — | Common Stock | 20,000 | 25,451 | D |
Explanation of responses
- F1On March 14, 2016, the reporting person was granted two options each for 50,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
- F2Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
- F3Represents one grant of Restricted Stock Units (RSUs). The RSU grant vests as follows: 10,000 shares vest on March 14, 2018; and 10,000 shares vest on March 14, 2019.
- F4Not applicable.