SEC Form 4 · accession 0000039911-17-000065
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Breitbard
Officer — Pres. & CEO, Banana Republic
Period of report
May 1, 2017
Accepted (ET)
May 1, 2017 · 6:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000039911
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $25.90 | May 1, 2017 | A | 300,000 | A | — | May 1, 2027 | Common Stock | 300,000 | 300,000 | D |
| Restricted Stock UnitF2,F3,F4 | $0.00 | May 1, 2017 | A | 150,000 | A | — | — | Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F1On May 1, 2017, the reporting person was granted an option to purchase a total of 300,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
- F2Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- F3Represents one grant of Restricted Stock Units (RSUs). The RSU grant vests as follows: 37,500 shares vest on May 1, 2018; 37,500 shares vest on May 1, 2019; 37,500 shares vest on May 1, 2020; and 37,500 shares vest on May 1, 2021.
- F4Not applicable.