SEC Form 4 · accession 0000039911-16-000304
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Padmasree Warrior
Director
Period of report
May 17, 2016
Accepted (ET)
May 18, 2016 · 8:47 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 Stock | May 17, 2016 | M | 9,661 | $0.00 | A | 9,661 | D | |
| Common Stock | May 17, 2016 | M | 710 | $0.00 | A | 10,371 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent RightsF1,F4,F2,F3 | $0.00 | May 17, 2016 | A | 471 | A | — | — | Common Stock | 471 | 712 | D |
| Dividend Equivalent RightsF1,F2,F3 | $0.00 | May 17, 2016 | M | 712 | D | — | — | Common Stock | 712 | 0 | D |
| Stock UnitsF5,F2,F3 | $0.00 | May 17, 2016 | M | 9,661 | D | — | — | Common Stock | 9,661 | 0 | D |
Explanation of responses
- F1Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock.
- F2The dividend equivalent rights accrued on stock units originally granted on September 30, 2013, June 30, 2014 and June 30, 2015 are immediately vested. Vested shares are delivered to the reporting person no sooner than 3 years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier. The reporting person's service on the Board ended on May 17, 2016.
- F3Not applicable.
- F4The correct number of derivative securities beneficially owned following the reported transaction is 711.8376.
- F5Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.