SEC Form 4 · accession 0000039911-16-000261
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andi Owen
Officer — Global Pres., Banana Republic
Period of report
Mar 17, 2016
Accepted (ET)
Mar 18, 2016 · 9:21 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 StockF1 | Mar 17, 2016 | M | 3,750 | $0.00 | A | 3,750 | D | |
| Common StockF1 | Mar 17, 2016 | M | 3,775 | $0.00 | A | 7,525 | D | |
| Common Stock | Mar 17, 2016 | F | 1,398 | $29.90 | D | 6,127 | D | |
| Common Stock | Mar 17, 2016 | F | 1,418 | $29.90 | D | 4,709 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | $0.00 | Mar 17, 2016 | M | 7,525 | D | — | — | Common Stock | 7,525 | 93,212 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- F2On March 17, 2014 the reporting person was granted 7,500 restricted stock units and 7,550 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.