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GAP INC — Director's Dealing 2014
Mar 20, 2014
30743_dirs_2014-03-19_e1bc90ac-9de7-4420-824f-12737a706894.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: Calhoun Jack (Global Pres., Banana Republic)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-03-17 | Common Stock | A | 22341.0 | $0.0 | Acquired | 38763.0046 | Direct |
| 2014-03-17 | Common Stock | F | 11656.0 | $42.2 | Disposed | 27107.0046 | Direct |
| 2014-03-18 | Common Stock | A | 14928.0 | $0.0 | Acquired | 42035.0046 | Direct |
| 2014-03-18 | Common Stock | F | 7788.0 | $42.14 | Disposed | 34247.0046 | 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 | 70000.0 | Acquired | 2024-03-17 | Common Stock (70000) | Direct |
| 2014-03-17 | Performance Shares | $0.0 | A | 22342.0 | Acquired | Common Stock (22342) | Direct | |
| 2014-03-18 | Performance Shares | $0.0 | M | 14928.0 | Acquired | Common Stock (14928) | Direct |
Footnotes
F1: Represents shares issued upon completion of a three-year (2011 - 2013) 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.
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 and a one-year vesting period 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.