SEC Form 4 · accession 0000039911-18-000030
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arthur L Peck
Officer — President & CEO, Gap, Inc. · Director
Period of report
Mar 13, 2018
Accepted (ET)
Mar 14, 2018 · 7:45 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,F2 | Mar 13, 2018 | M | 6,101 | $0.00 | A | 179,201 | D | |
| Common Stock | Mar 13, 2018 | F | 1,966 | $32.67 | D | 177,235 | D | |
| Common Stock | holding | — | — | — | 37,150 | I | by Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF1,F3 | $0.00 | Mar 13, 2018 | M | 6,101 | D | — | — | Common Stock | 6,101 | 0 | D |
Explanation of responses
- F1Each Performance Share represents a contingent right to receive one share of Gap Inc. Common Stock.
- F2Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan.
- F3On March 13, 2017 the Company's Compensation and Management Development Committee certified that the reporting person earned 12,201 Performance Shares following completion of a three-year (2014-2016) performance cycle under the Company's Long-Term Growth program, with half of the award vesting on the certification date and the remainder vesting on the anniversary of such date.