SEC Form 4 · accession 0000039911-18-000021

GAP INC · GAP

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President & CEO, GAP

Period of report

Mar 5, 2018

Accepted (ET)

Mar 6, 2018 · 9:27 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	Mar 5, 2018	M	56,250	$30.18	A	101,820	D
Common Stock^F1	Mar 5, 2018	S	56,250	$33.7202	D	45,570	D
Common Stock^F2	Mar 5, 2018	S	45,570	$33.7325	D	0	D
Common Stock^F3	holding	—	—		—	675	I	By 401(k) Plan

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)^F4	$30.18	Mar 5, 2018	M	56,250	D	—	Mar 14, 2026	Common Stock	56,250	168,750	D

F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.46 to $34.20, 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.
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.46 to $34.29, 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.
F3Number of shares represented by units held in the GapShare 401(k) Plan based on a plan statement dated as of December 31, 2017.
F4On March 14, 2016, the reporting person was granted an option to purchase 125,000 shares and an option to purchase 100,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.