SEC Form 4 · accession 0000039911-17-000095
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Sydney Fisher
Director · 10% Owner
Period of report
Jun 30, 2017
Accepted (ET)
Jun 30, 2017 · 9:02 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent RightsF1,F2,F3 | $0.00 | Jun 30, 2017 | A | 585 | A | — | — | Common Stock | 585 | 972 | D |
| Stock UnitsF4,F5,F3 | $0.00 | Jun 30, 2017 | A | 7,276 | A | — | — | Common Stock | 7,276 | 20,908 | 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 June 30, 2014, June 30, 2015 and June 30, 2016 and 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.
- F3Not applicable.
- F4Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
- F5Each stock unit is immediately vested. However, delivery of the shares is deferred until three years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.