SEC Form 4 · accession 0000039911-16-000266
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
Mar 17, 2016
Accepted (ET)
Mar 18, 2016 · 9:41 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 | 4,176 | $0.00 | A | 11,100 | D | |
| Common Stock | Mar 17, 2016 | F | 1,711 | $29.90 | D | 9,389 | D | |
| Common StockF2 | holding | — | — | — | 1,073 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F3 | $0.00 | Mar 17, 2016 | M | 4,176 | D | — | — | Common Stock | 4,176 | 96,522 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- F2Number of shares represented by units held in the GapShare 401(k) Plan based on a plan statement dated as of December 31, 2015.
- F3On March 17, 2014 the reporting person was granted 8,352 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date