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GAP INC — Director's Dealing 2019
Mar 21, 2019
30743_dirs_2019-03-20_31c5b46b-2a88-4cf7-b9fd-64ec75d0e07f.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: 2019-03-18
Reporting Person: PECK ARTHUR L (Director, President & CEO, Gap, Inc.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-03-18 | Common Stock | M | 77818 | $0.0 | Acquired | 283632.9585 | Direct |
| 2019-03-18 | Common Stock | F | 34541 | $25.56 | Disposed | 249091.9585 | Direct |
| 2019-03-19 | Common Stock | M | 49874 | $0.0 | Acquired | 298965.9585 | Direct |
| 2019-03-19 | Common Stock | F | 23555 | $25.7 | Disposed | 275410.9585 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-03-18 | Non-Qualified Stock Option (right to buy) | $25.56 | A | 500000 | Acquired | 2029-03-18 | Common Stock (500000) | Direct |
| 2019-03-18 | Performance Shares | $0.0 | A | 77818 | Acquired | Common Stock (77818) | Direct | |
| 2019-03-19 | Performance Shares | $0.0 | M | 49874 | Disposed | Common Stock (49874) | 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: Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan.
F3: On March 18, 2019, the reporting person was granted an option to purchase a total of 500,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F4: On March 18, 2019 the Company's Compensation and Management Development Committee certified that the reporting person earned 155,636 Performance Shares following completion of a three-year (2016-2018) 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.
F5: On March 19, 2018 the Company's Compensation and Management Development Committee certified that the reporting person earned 99,747 Performance Shares following completion of a three-year (2015-2017) 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.