SEC Form 4/A · accession 0000039911-17-000108
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Domenico De Sole
Director
Period of report
May 17, 2017
Accepted (ET)
Aug 8, 2017 · 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 | May 17, 2017 | M | 910 | $0.00 | A | 35,754 | 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 RightsF2,F1,F3,F4 | $0.00 | May 17, 2017 | A | 524 | A | — | — | Common Stock | 524 | 911 | D |
| Dividend Equivalent RightsF2,F1,F5,F4 | $0.00 | May 17, 2017 | M | 911 | D | — | — | Common Stock | 911 | 0 | D |
Explanation of responses
- F1This amendment is being filed to correct the number of dividend equivalent rights previously reported as accrued as of May 17, 2017 and the corresponding number of shares issued in settlement of the dividend equivalent rights.
- F2Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock.
- F3The 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. The reporting person's service on the Board ended May 17, 2017.
- F4Not applicable.
- F5These shares were issued in settlement of dividend equivalent rights accrued on stock units granted on June 30, 2014, June 30, 2015 and June 30, 2016.