SEC Form 4 · accession 0000039911-19-000002
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Julie Gruber
Officer — EVP & Global General Counsel
Period of report
Jan 16, 2019
Accepted (ET)
Jan 17, 2019 · 7:37 pm EST
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 StockF2 | Jan 16, 2019 | M | 7,500 | $11.77 | A | 27,324 | D | |
| Common Stock | Jan 16, 2019 | S | 7,500 | $24.73 | D | 19,824 | 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 | $11.77 | Jan 16, 2019 | M | 7,500 | D | — | Mar 16, 2019 | Common Stock | 7,500 | 0 | D |
Explanation of responses
- F1The exercise and sale reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 19, 2018.
- F2Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan.
- F3The option represents a right to purchase a total of 7,500 shares exercisable in four equal annual installments beginning on March 16, 2010, which was the first anniversary of the date on which the option was granted.