Filing Details

Accession Number:
0000039911-15-000088
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-03-19 19:51:50
Reporting Period:
2015-03-17
Filing Date:
2015-03-19
Accepted Time:
2015-03-19 19:51:50
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 2015-03-17 25,864 $0.00 39,972 No 4 M Direct
Common Stock Disposition 2015-03-17 13,495 $41.28 26,477 No 4 F Direct
Common Stock Disposition 2015-03-17 14,108 $41.14 12,369 No 4 S Direct
Common Stock Disposition 2015-03-18 12,369 $41.44 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Performance Shares Disposition 2015-03-17 25,864 $0.00 25,864 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
29,498 No 4 M Direct
Footnotes
  1. Each Performance Share represents a contingent right to receive one share of Gap Inc. Common Stock.
  2. The 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.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.98 to $41.34, 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.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.03 to $41.61, 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.
  5. On March 17, 2014, the Company's Compensation and Management Development Committee certified that the reporting person earned 51,728 Performance Shares following completion of a three-year (2011-2013) 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).