SEC Form 4 · accession 0000039911-18-000074

GAP INC · GAP

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP & CIO

Period of report

Mar 21, 2018

Accepted (ET)

Mar 22, 2018 · 7:33 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 Stock	Mar 21, 2018	M	68,750	$0.00	A	78,325	D
Common Stock^F1	Mar 21, 2018	S	78,325	$32.257	D	0	D

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)^F2	$23.54	Mar 21, 2018	M	15,000	D	—	Mar 13, 2027	Common Stock	15,000	45,000	D
Non-Qualified Stock Option (right to buy)^F3	$25.09	Mar 21, 2018	M	3,750	D	—	Mar 12, 2022	Common Stock	3,750	0	D
Non-Qualified Stock Option (right to buy)^F4	$30.18	Mar 21, 2018	M	50,000	D	—	Mar 14, 2026	Common Stock	50,000	50,000	D

F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.0901 to $32.47, 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.
F2On March 13, 2017, the reporting person was granted an option to purchase a total of 60,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F3The option represents a right to purchase a total of 15,000 shares exercisable in four equal annual installments beginning on March 12, 2013, which was the first anniversary of the date on which the option was granted.
F4On March 14, 2016, the reporting person was granted two options each for 50,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.