SEC Form 4 · accession 0000039911-17-000163
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff Kirwan
Officer — President & CEO, GAP
Period of report
Nov 29, 2017
Accepted (ET)
Dec 1, 2017 · 5:31 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 Stock | Nov 29, 2017 | M | 6,430 | $25.09 | A | 30,698 | D | |
| Common StockF2 | Nov 29, 2017 | S | 6,430 | $32.018 | D | 24,268 | D | |
| Common StockF3 | Dec 1, 2017 | S | 1,000 | $32.01 | D | 23,296 | D | |
| Common StockF4 | holding | — | — | — | 675 | I | By 401(k) Plan |
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)F5 | $25.09 | Nov 29, 2017 | M | 6,430 | D | — | Mar 12, 2022 | Common Stock | 6,430 | 0 | D |
Explanation of responses
- F1The sales reported in this Form 4 were affected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 16, 2017.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.00 to $32.03, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan.
- F4Number of shares represented by units held in the GapShare 401(k) Plan based on a plan statement dated as of September 30, 2017.
- F5On March 12, 2012, the reporting person was granted an option to purchase a total of 15,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.