Home > Insider Trading > Filing (0000039911-15-000082)

Filing Details

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
Common Stock	Acquisiton	2015-03-16	29,498	$0.00	29,498	No	4	A	Direct
Common Stock	Disposition	2015-03-16	15,390	$41.27	14,108	No	4	F	Direct
Common Stock	Acquisiton	2015-03-16	25,000	$21.79	39,108	No	4	M	Direct
Common Stock	Disposition	2015-03-16	25,000	$41.34	14,108	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	F	Direct
No	4	M	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	2015-03-16	25,000	$0.00	25,000	$21.79
Common Stock	Non-Qualified Stock Option (right to buy)	Acquisiton	2015-03-16	90,000	$0.00	90,000	$41.27
Common Stock	Performance Shares	Acquisiton	2015-03-16	29,498	$0.00	29,498	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2021-03-14	No	4	M	Direct
90,000	2025-03-16	No	4	A	Direct
55,362		No	4	A	Direct

Footnotes

On March 16, 2015, the Company's Compensation and Management Development Committee certified that the reporting person earned 58,996 Performance Shares following completion of a three-year (2012-2014) 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).
Each Performance Share represents a contingent right to receive one share of Gap Inc. Common Stock.
The exercise and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 8, 2014.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.02 to $41.47, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
On March 14, 2011, the reporting person was granted an option to purchase a total of 100,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
On March 16, 2015, the reporting person was granted an option to purchase a total of 90,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.