Form 4 for GAP GAP INC
Accepted 2022-03-16 00:00:00 ET · period of report 2022-03-14 · accession 0001589927-22-000001 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-03-16 | 2022-03-14+ | GAP | Syngal Sonia | CEO Gap, Inc, Dir | M - OptEx | $0.00 | +77.2K | 76.4K | New | $0 |
| DM | 2022-03-16 | 2022-03-14+ | GAP | Syngal Sonia | CEO Gap, Inc, Dir | F - Tax | $14.23 | -27.7K | 81.2K | -25% | -$394.4K |
| DM | 2022-03-16 | 2022-03-14 | GAP | Syngal Sonia | CEO Gap, Inc, Dir | A - Grant | $0.00 | +568.0K | 59.9K | New | $0 |
| DM | 2022-03-16 | 2022-03-15 | GAP | Syngal Sonia | CEO Gap, Inc, Dir | M - OptEx | $0.00 | -32.9K | 44.3K | -43% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-03-14 | M | A | 44,255 | $0.00 | 76,023.09 | D | — | — | |
| 2 | Common | Common Stock | 2022-03-14 | F | D | 15,302 | $13.93 | 60,721.09 | D | — | — | |
| 3 | Common | Common Stock | 2022-03-15 | F | D | 12,420 | $14.59 | 81,234.09 | D | — | — | |
| 4 | Common | Common Stock | 2022-03-15 | M | A | 17,290 | $0.00 | 93,654.09 | D | — | — | |
| 5 | Common | Common Stock | 2022-03-15 | M | A | 15,643 | $0.00 | 76,364.09 | D | — | — | |
| 6 | Derivative | Restricted Stock Unit | 2022-03-14 | A | A | 136,176 | $0.00 | 434,804 | D | $0.00 · — to — | 136,176 Common Stock | (F5) Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. (F6) On March 14, 2022, the reporting person was granted 136,176 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 7 | Derivative | Restricted Stock Unit | 2022-03-15 | M | D | 17,290 | $0.00 | 417,514 | D | $0.00 · — to — | 17,290 Common Stock | (F5) Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. (F7) On March 15, 2021, the reporting person was granted 69,160 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 8 | Derivative | Non-Qualified Stock Option (right to buy) | 2022-03-14 | A | A | 387,596 | $0.00 | 387,596 | D | $13.93 · — to 2032-03-14 | 387,596 Common Stock | (F1) On March 14, 2022, the reporting person was granted an option to purchase a total of 387,596 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 9 | Derivative | Performance Unit | 2022-03-14 | A | A | 44,255 | $0.00 | 59,898 | D | $0.00 · — to — | 44,255 Common Stock | (F2) Each performance unit represents a contingent right to receive one share of Gap Inc. Common Stock. (F3) On March 14, 2022, the Company's Compensation and Management Development Committee certified that the reporting person earned 88,510 Performance Shares following completion of a three-year (2019-2021) 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. |
| 10 | Derivative | Performance Unit | 2022-03-15 | M | D | 15,643 | $0.00 | 44,255 | D | $0.00 · — to — | 15,643 Common Stock | (F2) Each performance unit represents a contingent right to receive one share of Gap Inc. Common Stock. (F4) On March 15, 2021, the Company's Compensation and Management Development Committee certified that the reporting person earned 31,285 Performance Shares following completion of a three-year (2018-2020) 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. |