SEC Form 4 · accession 0000039911-18-000044
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Joseph Chapman
Officer — EVP & CIO
Period of report
Mar 14, 2018
Accepted (ET)
Mar 16, 2018 · 8:34 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 14, 2018 | M | 9,275 | $0.00 | A | 11,148 | D | |
| Common Stock | Mar 14, 2018 | F | 2,991 | $32.42 | D | 8,157 | D | |
| Common StockF1 | Mar 16, 2018 | M | 2,091 | $0.00 | A | 10,248 | D | |
| Common Stock | Mar 16, 2018 | F | 673 | $31.74 | D | 9,575 | 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 14, 2018 | M | 9,275 | D | — | — | Common Stock | 9,275 | 14,983 | D |
| Restricted Stock UnitF1,F3 | $0.00 | Mar 16, 2018 | M | 2,091 | D | — | — | Common Stock | 2,091 | 12,892 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- F2On March 14, 2016 the reporting person was granted 20,000 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date. Certain shares were withheld for payment of employment tax liability arising as a result of the reporting person reaching retirement eligibility. For details on the tax withholding, please see the Form 4 filed with the Commission on behalf of the reporting person on November 17, 2017.
- F3On March 16, 2015 the reporting person was granted 4,338 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date. Certain shares were withheld for payment of employment tax liability arising as a result of the reporting person reaching retirement eligibility. For details on the tax withholding, please see the Form 4 filed with the Commission on behalf of the reporting person on November 17, 2017.