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GAP INC — Director's Dealing 2015
Mar 20, 2015
30743_dirs_2015-03-19_1e040fcf-8aa4-479e-ab4e-b30e3dd8e7bd.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: 2015-03-18
Reporting Person: Syngal Sonia (EVP, Supply Chain & Prod. Ops.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-03-18 | Common Stock | M | 2500.0 | $0.0 | Acquired | 2500 | Direct |
| 2015-03-18 | Common Stock | F | 939.0 | $42.33 | Disposed | 1561 | Direct |
| 2015-03-19 | Common Stock | S | 1561.0 | $42.5626 | Disposed | 0 | Direct |
| 2015-03-19 | Common Stock | M | 3750.0 | $23.07 | Acquired | 3750 | Direct |
| 2015-03-19 | Common Stock | M | 7500.0 | $21.79 | Acquired | 11250 | Direct |
| 2015-03-19 | Common Stock | M | 7500.0 | $25.09 | Acquired | 18750 | Direct |
| 2015-03-19 | Common Stock | S | 18750.0 | $42.5164 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-03-19 | Non-Qualified Stock Option (right to buy) | $21.79 | M | 7500.0 | Disposed | 2021-03-14 | Common Stock (7500) | Direct |
| 2015-03-19 | Non-Qualified Stock Option (right to buy) | $23.07 | M | 3750.0 | Disposed | 2020-03-15 | Common Stock (3750) | Direct |
| 2015-03-19 | Non-Qualified Stock Option (right to buy) | $25.09 | M | 7500.0 | Disposed | 2022-03-12 | Common Stock (7500) | Direct |
| 2015-03-18 | Restricted Stock Unit | $0.0 | M | 2500.0 | Disposed | Common Stock (2500) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.51 to $42.55, inclusive. 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.
F3: On March 14, 2011, the reporting person was granted an option to purchase a total of 15,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F4: On March 15, 2010, the reporting person was granted an option to purchase a total of 15,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F5: On March 12, 2012, the reporting person was granted an option to purchase a total of 15,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F6: On March 18, 2013, the reporting person was granted 5,000 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.