SEC Form 4 · accession 0000039911-18-000078
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Breitbard
Officer — Pres. & CEO, Banana Republic
Period of report
May 1, 2018
Accepted (ET)
May 2, 2018 · 7:50 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 | May 1, 2018 | M | 37,500 | $0.00 | A | 37,500 | D | |
| Common Stock | May 1, 2018 | F | 16,885 | $28.85 | D | 20,615 | 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 | May 1, 2018 | M | 37,500 | D | — | — | Common Stock | 37,500 | 112,500 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- F2This Restricted Stock Units (RSU) grant vests as follows: 37,500 shares vest on May 1, 2018; 37,500 shares vest on May 1, 2019; 37,500 shares vest on May 1, 2020; and 37,500 shares vest on May 1, 2021.