SEC Form 4 · accession 0000039911-18-000036
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dara Bazzano
Officer — VP & Chief Accounting Officer
Period of report
Mar 13, 2018
Accepted (ET)
Mar 15, 2018 · 7:24 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 | 1,500 | $0.00 | A | 1,500 | D | |
| Common Stock | Mar 13, 2018 | F | 610 | $32.67 | D | 890 | D | |
| Common StockF1 | Mar 14, 2018 | M | 2,950 | $0.00 | A | 3,840 | D | |
| Common Stock | Mar 14, 2018 | F | 1,006 | $32.42 | D | 2,834 | 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 | Mar 13, 2018 | M | 1,500 | D | — | — | Common Stock | 1,500 | 16,925 | D |
| Restricted Stock UnitF1,F3 | $0.00 | Mar 14, 2018 | M | 1,200 | D | — | — | Common Stock | 1,200 | 15,725 | D |
| Restricted Stock UnitF1,F4 | $0.00 | Mar 14, 2018 | M | 1,750 | D | — | — | Common Stock | 1,750 | 13,975 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- F2On March 13, 2017, the reporting person was granted 6,000 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
- F3On March 14, 2016, the reporting person was granted 4,800 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
- F4On March 14, 2016 the reporting person was granted 3,500 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.