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GAP INC — Director's Dealing 2016
May 24, 2016
30743_dirs_2016-05-23_a0a7f61c-6587-4df7-b6e0-95c541a9e604.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: 2016-05-23
Reporting Person: DiGrande Sebastian (EVP Strategy & CCO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-05-23 | Non-Qualified Stock Option (right to buy) | $18.41 | A | 325000.0 | Acquired | 2026-05-23 | Common Stock (325000) | Direct |
| 2016-05-23 | Restricted Stock Unit | $0.0 | A | 100000.0 | Acquired | Common Stock (100000) | Direct |
Footnotes
F1: On May 23, 2016, the reporting person was granted an option to purchase a total of 325,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F2: Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F3: Represents one grant of Restricted Stock Units (RSUs). The RSU grant vests as follows: 25,000 shares vest on May 23, 2017; 25,000 shares vest on May 23, 2018; 25,000 shares vest on May 23, 2019; and 25,000 shares vest on May 23, 2020.
F4: Not applicable.