SEC Form 4 · accession 0000039911-16-000273
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 18, 2016
Accepted (ET)
Mar 21, 2016 · 7:37 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 18, 2016 | M | 5,000 | $0.00 | A | 14,389 | D | |
| Common StockF1 | Mar 18, 2016 | M | 3,885 | $0.00 | A | 18,274 | D | |
| Common Stock | Mar 18, 2016 | F | 2,061 | $30.39 | D | 16,213 | D | |
| Common Stock | Mar 18, 2016 | F | 1,601 | $30.39 | D | 14,612 | 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 18, 2016 | M | 8,885 | D | — | — | Common Stock | 8,885 | 87,637 | 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 18, 2013 the reporting person was granted 10,000 restricted stock units and 7,770 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.