Filing Details

Accession Number:
0000039911-14-000040
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-03-19 21:59:55
Reporting Period:
2014-03-17
Filing Date:
2014-03-19
Accepted Time:
2014-03-19 21:59:55
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
39911 Gap Inc GPS Retail-Family Clothing Stores (5651) 941697231
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1411337 Sabrina Simmons Two Folsom St
San Francisco CA 94105-1205
Evp Cfo No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2014-03-17 25,000 $23.07 25,000 No 4 M Direct
Common Stock Disposition 2014-03-17 25,000 $42.17 0 No 4 S Direct
Common Stock Acquisiton 2014-03-17 25,864 $0.00 25,864 No 4 A Direct
Common Stock Disposition 2014-03-17 13,495 $42.20 12,369 No 4 F Direct
Common Stock Acquisiton 2014-03-17 17,857 $0.00 30,226 No 4 A Direct
Common Stock Disposition 2014-03-18 9,316 $42.14 20,910 No 4 F Direct
Common Stock Disposition 2014-03-19 8,540 $41.71 12,370 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 A Direct
No 4 F Direct
No 4 A Direct
No 4 F Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Non-Qualified Stock Option (right to buy) Disposition 2014-03-17 25,000 $0.00 25,000 $23.07
Common Stock Non-Qualified Stock Option (right to buy) Acquisiton 2014-03-17 90,000 $0.00 90,000 $42.20
Common Stock Performance Shares Acquisiton 2014-03-17 25,864 $0.00 25,864 $0.00
Common Stock Performance Shares Disposition 2014-03-18 17,857 $0.00 17,857 $0.00
Common Stock Restricted Stock Unit Acquisiton 2014-03-17 25,000 $0.00 25,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2020-03-15 No 4 M Direct
90,000 2024-03-17 No 4 A Direct
43,720 No 4 A Direct
25,863 No 4 M Direct
75,000 No 4 A Direct
Footnotes
  1. The exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2013.
  2. Represents shares issued upon completion of a three-year (2011 - 2013) performance cycle under the Company's Long-Term Growth Program. For additional information on the Company's Long-Term Growth Plan, please see the Company's Proxy Statement for its 2013 Annual Shareholder Meeting, available on gapinc.com.
  3. Represents shares issued upon completion of a three-year (2010 - 2012) performance cycle and a one-year vesting period under the Company's Long-Term Growth Program. For additional information on the Company's Long-Term Growth Plan, please see the Company's Proxy Statement for its 2013 Annual Shareholder Meeting, available on gapinc.com.
  4. This option was fully vested and exercisable.
  5. The options under this grant become exercisable in four equal annual installments beginning one year from date of grant. Date of grant is 10 years prior to expiration date.
  6. Each Performance Share represents a contingent right to receive one share of Gap Inc. Common Stock.
  7. Represents Performance Shares earned following completion of a three-year (2011 - 2013) performance cycle under the Company's Long-Term Growth Plan.
  8. Shares will vest on March 17, 2015.
  9. Not applicable.
  10. Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
  11. 12,500 shares vest on March 17, 2016 and 12,500 shares vest on March 17, 2017.