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GAP INC — Director's Dealing 2017
Mar 15, 2017
30743_dirs_2017-03-15_f907d091-7ed9-4d57-bc10-7fe130202db7.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: PECK ARTHUR L (Director, President & CEO, Gap Inc.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-13 | Common Stock | M | 6100 | $0.0 | Acquired | 170166.1333 | Direct |
| 2017-03-13 | Common Stock | F | 2435 | $23.54 | Disposed | 167731.1333 | Direct |
| 2017-03-14 | Common Stock | M | 7080 | $0.0 | Acquired | 174811.1333 | Direct |
| 2017-03-14 | Common Stock | F | 2493 | $23.7 | Disposed | 172318.1333 | 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 | 600000 | Acquired | 2027-03-13 | Common Stock (600000) | Direct |
| 2017-03-13 | Performance Shares | $0.0 | A | 6101 | Acquired | Common Stock (6101) | Direct | |
| 2017-03-14 | Performance Shares | $0.0 | M | 7080 | Disposed | Common Stock (7080) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 37150 | Indirect |
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 600,000 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 12,201 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.
F4: On March 14, 2016 the Company's Compensation and Management Development Committee certified that the reporting person earned 14,159 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.