SEC Form 4 · accession 0001179110-17-012564
GAP INC · GAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Sydney Fisher
Director · 10% Owner
Period of report
Sep 19, 2017
Accepted (ET)
Sep 21, 2017 · 4:30 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 | Sep 19, 2017 | S | 300,000 | $27.9846 | D | 12,237,873 | D | |
| Common StockF2 | Sep 20, 2017 | S | 366,849 | $27.9948 | D | 11,871,024 | D | |
| Common Stock | holding | — | — | — | 163,581 | I | By Spouse | |
| Common StockF3 | holding | — | — | — | 27,000,000 | I | By FCH TBMS LLC | |
| Common Stock | holding | — | — | — | 616,487 | I | By Trust | |
| Common Stock | holding | — | — | — | 367,014 | I | By Trust | |
| Common Stock | holding | — | — | — | 15,000 | I | By Limited Partnerships |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $27.90 to $28.38. The price reported above reflects the weighted average sales price. 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 transaction was effected.
- F2This transaction was executed in multiple trades at prices ranging from $27.90 to $28.13. The price reported above reflects the weighted average sales price. 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 transaction was effected.
- F3The reporting person is the sole manager and a member of FCH TBMS LLC, a Delaware limited liability company that owns the reported securities. As manager of FCH TBMS LLC, the reporting person may be deemed to have indirect beneficial ownership of the 27,000,000 shares of Gap Common Stock of which FCH TBMS LLC has beneficial ownership. The reporting person disclaims beneficial ownership of all shares of Gap Common Stock held by FCH TBMS LLC except to the extent of his pecuniary interest therein.