SEC Form 4 · accession 0001179110-16-027200
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Fisher
Director · 10% Owner
Period of report
Jun 30, 2016
Accepted (ET)
Jul 1, 2016 · 4:08 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 | Jun 30, 2016 | M | 3,354 | $0.00 | A | 9,043,789 | D | |
| Common StockF2 | Jun 30, 2016 | M | 294 | $0.00 | A | 9,044,083 | D | |
| Common Stock | holding | — | — | — | 124,211 | I | By Spouse | |
| Common StockF3 | holding | — | — | — | 27,000,000 | I | By Fisher Core Holdings L.P. | |
| Common Stock | holding | — | — | — | 3,000,000 | I | By Trusts | |
| Common Stock | holding | — | — | — | 15,000 | I | By Limited Partnerships |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock UnitsF1 | $0.00 | Jun 30, 2016 | M | 3,354 | A | — | — | Common Stock | 3,354 | 0 | D |
| Dividend Equivalent RightsF2 | $0.00 | Jun 30, 2016 | M | 295 | A | — | — | Common Stock | 295 | 0 | D |
Explanation of responses
- F13,354 shares were issued in settlement of the stock units originally granted to the reporting person on June 30, 2013. Each stock unit represented the right to receive one share of The Gap, Inc. common stock ("Gap Common Stock").
- F2294 shares were issued in settlement of dividend equivalent rights on the above-referenced stock units originally granted to the reporting person on June 30, 2013. Each equivalent right was the economic equivalent of one share of Gap Common Stock.
- F3The reporting person is a general partner of Fisher Core Holdings L.P., a Delaware limited partnership ("Fisher Holdings") that owns the reported securities. As a general partner of Fisher Holdings, the reporting person may be deemed to have indirect beneficial ownership of all 81,000,000 shares of Gap Common Stock of which Fisher Holdings has beneficial ownership. However, the reporting person disclaims beneficial ownership of all shares of Gap Common Stock held by Fisher Holdings except to the extent of his direct and indirect pecuniary interest therein.