SEC Form 4 · accession 0000039911-18-000064
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brent Hyder
Officer — EVP & Chief People Officer
Period of report
Mar 19, 2018
Accepted (ET)
Mar 21, 2018 · 6:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000039911
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $32.23 | Mar 19, 2018 | A | 55,000 | A | — | Mar 19, 2028 | Common Stock | 55,000 | 55,000 | D |
| Restricted Stock UnitF2,F3 | $0.00 | Mar 19, 2018 | A | 100,000 | A | — | — | Common Stock | 100,000 | 130,100 | D |
Explanation of responses
- F1On March 19, 2018, the reporting person was granted an option to purchase a total of 55,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
- F2Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- F3On March 19, 2018, the reporting person was granted 100,000 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.