SEC Form 4 · accession 0000039911-17-000153
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
Nov 15, 2017
Accepted (ET)
Nov 17, 2017 · 5:05 pm EST
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 | Nov 15, 2017 | M | 911 | $0.00 | A | 2,784 | D | |
| Common Stock | Nov 15, 2017 | F | 911 | $26.90 | D | 1,873 | 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 | Nov 15, 2017 | M | 186 | D | — | — | Common Stock | 186 | 24,983 | D |
| Restricted Stock UnitF1,F3 | $0.00 | Nov 15, 2017 | M | 725 | D | — | — | Common Stock | 725 | 24,258 | 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 reaching retirement eligibility with respect to a portion of Restricted Stock Unit awards originally reported by the reporting person in a Form 3 filed with the Commission on December 10, 2015.
- F3Represents shares withheld for payment of employment tax liability arising as a result of reaching retirement eligibility with respect to a portion of a Restricted Stock Unit award originally reported by the reporting person in a Form 4 filed with the Commission on March 16, 2016.