SEC Form 4 · accession 0000039911-18-000032
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sonia Syngal
Officer — President & CEO, Old Navy
Period of report
Mar 13, 2018
Accepted (ET)
Mar 14, 2018 · 8:11 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 | Mar 13, 2018 | M | 4,835 | $0.00 | A | 32,788 | D | |
| Common Stock | Mar 13, 2018 | F | 2,396 | $32.67 | D | 30,392 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF1,F2 | $0.00 | Mar 13, 2018 | M | 4,835 | D | — | — | Common Stock | 4,835 | 0 | D |
Explanation of responses
- F1Each Performance Share represents a contingent right to receive one share of Gap Inc. Common Stock.
- F2On March 13, 2017 the Company's Compensation and Management Development Committee certified that the reporting person earned 9,669 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 (subject to the reporting person's continued service with the Company).