SEC Form 4 · accession 0000039911-18-000050
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 16, 2018
Accepted (ET)
Mar 20, 2018 · 6:13 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 16, 2018 | M | 2,025 | $0.00 | A | 4,859 | D | |
| Common Stock | Mar 16, 2018 | F | 699 | $31.74 | D | 4,160 | D | |
| Common StockF1 | Mar 17, 2018 | M | 775 | $0.00 | A | 4,935 | D | |
| Common Stock | Mar 17, 2018 | F | 267 | $31.74 | D | 4,668 | D | |
| Common Stock | Mar 19, 2018 | M | 1,200 | $30.18 | A | 5,868 | D | |
| Common Stock | Mar 19, 2018 | M | 1,500 | $23.54 | A | 7,368 | D | |
| Common StockF2 | Mar 19, 2018 | S | 6,860 | $32.318 | D | 508 | D |
Table II — derivative securities
| 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)F3 | $23.54 | Mar 19, 2018 | M | 1,500 | D | — | Mar 13, 2027 | Common Stock | 1,500 | 4,500 | D |
| Non-Qualified Stock Option (right to buy)F4 | $30.18 | Mar 19, 2018 | M | 1,200 | D | — | Mar 14, 2026 | Common Stock | 1,200 | 2,400 | D |
| Restricted Stock UnitF1,F5 | $0.00 | Mar 16, 2018 | M | 775 | D | — | — | Common Stock | 775 | 13,200 | D |
| Restricted Stock UnitF1,F6 | $0.00 | Mar 16, 2018 | M | 1,250 | D | — | — | Common Stock | 1,250 | 11,950 | D |
| Restricted Stock UnitF1,F7 | $0.00 | Mar 17, 2018 | M | 775 | D | — | — | Common Stock | 775 | 11,175 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.312 to $32.33, 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 transactions were effected.
- F3On March 13, 2017, the reporting person was granted an option to purchase a total of 6,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
- F4On March 14, 2016, the reporting person was granted an option to purchase a total of 4,800 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
- F5On March 16, 2015, the reporting person was granted 3,100 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
- F6On March 16, 2015 the reporting person was granted 2,500 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.
- F7On March 17, 2014, the reporting person was granted 3,100 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.