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GAP INC — Director's Dealing 2017
Mar 15, 2017
30743_dirs_2017-03-15_072829c5-1d76-493f-8b4b-675c4cfe70bc.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: 2017-03-13
Reporting Person: Syngal Sonia (President & CEO, Old Navy)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-13 | Common Stock | M | 4834 | $0.0 | Acquired | 41753.0352 | Direct |
| 2017-03-13 | Common Stock | F | 1815 | $23.54 | Disposed | 39938.0352 | Direct |
| 2017-03-14 | Common Stock | M | 978 | $0.0 | Acquired | 40916.0352 | Direct |
| 2017-03-14 | Common Stock | F | 366 | $23.7 | Disposed | 40550.0352 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-13 | Non-Qualified Stock Option (right to buy) | $23.54 | A | 200000 | Acquired | 2027-03-13 | Common Stock (200000) | Direct |
| 2017-03-13 | Performance Shares | $0.0 | A | 4835 | Acquired | Common Stock (4835) | Direct | |
| 2017-03-14 | Performance Shares | $0.0 | M | 978 | Disposed | Common Stock (978) | Direct |
Footnotes
F1: Each Performance Share represents a contingent right to receive one share of Gap Inc. Common Stock.
F2: On March 13, 2017, the reporting person was granted an option to purchase a total of 200,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F3: On March 13, 2017 the Company's Compensation and Management Development Committee certified that the reporting person earned 9,669 Performance Shares following completion of a three-year (2014-2016) performance cycle under the Company's Long-Term Growth program, with half of the award vesting on the certification date and the remainder vesting on the anniversary of such date (subject to the reporting person's continued service with the Company).
F4: On March 14, 2016 the Company's Compensation and Management Development Committee certified that the reporting person earned 1,955 Performance Shares following completion of a three-year (2013-2015) performance cycle under the Company's Long-Term Growth program, with half of the award vesting on the certification date and the remainder vesting on the anniversary of such date (subject to the reporting person's continued service with the Company.)