SEC Form 4 · accession 0000039911-17-000053
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Joseph Chapman
Officer — EVP, CIO
Period of report
Mar 16, 2017
Accepted (ET)
Mar 17, 2017 · 7:47 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 StockF1 | Mar 16, 2017 | M | 2,169 | $0.00 | A | 2,169 | D | |
| Common Stock | Mar 16, 2017 | F | 865 | $23.93 | D | 1,304 | D | |
| Common StockF1 | Mar 17, 2017 | M | 1,978 | $0.00 | A | 3,282 | D | |
| Common Stock | Mar 17, 2017 | F | 743 | $24.10 | D | 2,539 | D | |
| Common StockF1 | Mar 17, 2017 | M | 3,750 | $0.00 | A | 6,289 | D | |
| Common Stock | Mar 17, 2017 | F | 1,391 | $24.10 | D | 4,898 | 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 | Mar 16, 2017 | M | 2,169 | D | — | — | Common Stock | 2,169 | 33,897 | D |
| Restricted Stock UnitF1,F3 | $0.00 | Mar 17, 2017 | M | 1,978 | D | — | — | Common Stock | 1,978 | 31,919 | D |
| Restricted Stock UnitF1,F4 | $0.00 | Mar 17, 2017 | M | 3,750 | D | — | — | Common Stock | 3,750 | 28,169 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- F2On March 16, 2015 the reporting person was granted 4,338 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.
- F3On March 17, 2014 the reporting person was granted 3,956 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.
- F4On March 17, 2014 the reporting person was granted 7,500 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.