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GAP INC — Director's Dealing 2014
Mar 21, 2014
30743_dirs_2014-03-20_af613aaa-e88b-45cb-b87a-4f8a242c26f5.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GAP INC (GPS)
CIK: 0000039911
Period of Report: 2014-03-17
Reporting Person: Sunnucks Stephen (Global President, Gap)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-03-17 | Common Stock | A | 7943.0 | $0.0 | Acquired | 206019 | Direct |
| 2014-03-17 | Common Stock | F | 3732.0 | $42.2 | Disposed | 202287 | Direct |
| 2014-03-18 | Common Stock | A | 11015.0 | $0.0 | Acquired | 213302 | Direct |
| 2014-03-18 | Common Stock | F | 5175.0 | $42.14 | Disposed | 208127 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-03-17 | Non-Qualified Stock Option (right to buy) | $42.2 | A | 90000.0 | Acquired | 2024-03-17 | Common Stock (90000) | Direct |
| 2014-03-17 | Performance Shares | $0.0 | A | 7944.0 | Acquired | Common Stock (7944) | Direct | |
| 2014-03-18 | Performance Shares | $0.0 | M | 11015.0 | Disposed | Common Stock (11015) | Direct |
Footnotes
F1: Represents shares issued upon completion of a three-year (2011 - 2013) performance cycle under the Company's Long-Term Growth Program. For additional information on the Company's Long-Term Growth Plan, please see the Company's Proxy Statement for its 2013 Annual Shareholder Meeting, available on gapinc.com.
F2: Represents shares issued upon completion of a three-year (2010 - 2012) performance cycle and a one-year vesting period under the Company's Long-Term Growth Program. For additional information on the Company's Long-Term Growth Plan, please see the Company's Proxy Statement for its 2013 Annual Shareholder Meeting, available on gapinc.com.
F3: The options under this grant become exercisable in four equal annual installments beginning one year from date of grant. Date of grant is 10 years prior to expiration date.
F4: Each Performance Share represents a contingent right to receive one share of Gap Inc. Common Stock.
F5: Represents Performance Shares earned following completion of a three-year (2011 - 2013) performance cycle under the Company's Long-Term Growth Plan.
F6: Shares will vest on March 17, 2015.
F7: Not applicable.
F8: Represents Performance Shares earned following completion of a three-year (2010 - 2012) performance cycle and a one-year vesting period under the Company's Long-Term Growth Program.