SEC Form 4 · accession 0000039911-16-000265
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 12, 2016
Accepted (ET)
Mar 18, 2016 · 9:29 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 12, 2016 | M | 1,250 | $0.00 | A | 15,124 | D | |
| Common Stock | Mar 12, 2016 | F | 547 | $30.17 | D | 14,577 | D | |
| Common StockF1 | Mar 17, 2016 | M | 775 | $0.00 | A | 15,352 | D | |
| Common Stock | Mar 17, 2016 | F | 339 | $29.90 | D | 15,013 | 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 UnitF2,F1,F3 | $0.00 | Mar 12, 2016 | M | 1,250 | D | — | — | Common Stock | 1,250 | 4,201 | D |
| Restricted Stock UnitF1,F4 | $0.00 | Mar 17, 2016 | M | 775 | D | — | — | Common Stock | 775 | 23,426 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- F2The balance of restricted stock units reported under the number of derivative securities beneficially owned does not include 20,000 restricted stock units granted to the reporting person on March 14, 2016.
- F3On March 12, 2012 the reporting person was granted 5,000 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
- F4On March 17, 2014 the reporting person was granted 3,100 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.