SEC Form 4 · accession 0000039911-16-000340
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Solomon Goldfarb
Officer — EVP, Digital & Customer Exp.
Period of report
Jul 19, 2016
Accepted (ET)
Jul 20, 2016 · 7:22 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 | Jul 19, 2016 | M | 62 | $0.00 | A | 10,968 | D | |
| Common Stock | Jul 19, 2016 | F | 62 | $23.95 | D | 10,906 | D | |
| Common StockF1 | Jul 19, 2016 | M | 48 | $0.00 | A | 10,954 | D | |
| Common Stock | Jul 19, 2016 | F | 48 | $23.95 | D | 10,906 | 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 | Jul 19, 2016 | M | 62 | D | — | — | Common Stock | 62 | 26,325 | D |
| Restricted Stock UnitF1,F3 | $0.00 | Jul 19, 2016 | M | 48 | D | — | — | Common Stock | 48 | 26,277 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- F2Represents shares withheld for payment of employment tax liability arising as a result of vesting of a portion of a Restricted Stock Unit award originally reported by the reporting person in a Form 3 filed with the Commission on February 2, 2015 that will be settled on March 17, 2017.
- F3Represents shares withheld for payment of employment tax liability arising as a result of vesting of a portion of a Restricted Stock Unit award originally reported by the reporting person in a Form 4 filed with the Commission on March 17, 2015 that will be settled on March 16, 2017.