Form 4 for GAP GAP INC
Accepted 2022-03-16 00:00:00 ET · period of report 2022-03-14 · accession 0001666689-22-000001 · 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 | Gruber Julie | Chief Legal, Compliance Off | M - OptEx | $0.00 | +19.3K | 24.1K | +401% | $0 |
| DM | 2022-03-16 | 2022-03-14+ | GAP | Gruber Julie | Chief Legal, Compliance Off | F - Tax | $14.18 | -6,650 | 24.8K | -21% | -$94.3K |
| DM | 2022-03-16 | 2022-03-15 | GAP | Gruber Julie | Chief Legal, Compliance Off | M - OptEx | $0.00 | -7,341 | 11.9K | -38% | $0 |
| DM | 2022-03-16 | 2022-03-14 | GAP | Gruber Julie | Chief Legal, Compliance Off | A - Grant | $0.00 | +97.9K | 121.5K | +416% | $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 | 2022-03-15 | M | A | 3,121 | $0.00 | 27,313.98 | D | — | — | |
| 2 | Common | Common Stock | 2022-03-15 | M | A | 4,220 | $0.00 | 24,192.98 | D | — | — | |
| 3 | Common | Common Stock | 2022-03-14 | M | A | 11,937 | $0.00 | 24,084.98 | D | — | — | (F1) Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan. |
| 4 | Common | Common Stock | 2022-03-14 | F | D | 4,112 | $13.93 | 19,972.98 | D | — | — | |
| 5 | Common | Common Stock | 2022-03-15 | F | D | 2,538 | $14.59 | 24,775.98 | D | — | — | |
| 6 | Derivative | Restricted Stock Unit | 2022-03-15 | M | D | 3,121 | $0.00 | 118,343 | D | $0.00 · — to — | 3,121 Common Stock | (F6) Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. (F8) On March 15, 2021, the reporting person was granted 12,487 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 7 | Derivative | Non-Qualified Stock Option (right to buy) | 2022-03-14 | A | A | 63,620 | $0.00 | 63,620 | D | $13.93 · — to 2032-03-14 | 63,620 Common Stock | (F2) On March 14, 2022, the reporting person was granted an option to purchase a total of 63,620 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 8 | Derivative | Performance Unit | 2022-03-14 | A | A | 11,938 | $0.00 | 16,158 | D | $0.00 · — to — | 11,938 Common Stock | (F3) Each performance unit represents a contingent right to receive one share of Gap Inc. Common Stock. (F4) On March 14, 2022, the Company's Compensation and Management Development Committee certified that the reporting person earned 23,875 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. |
| 9 | Derivative | Performance Unit | 2022-03-15 | M | D | 4,220 | $0.00 | 11,938 | D | $0.00 · — to — | 4,220 Common Stock | (F3) Each performance unit represents a contingent right to receive one share of Gap Inc. Common Stock. (F5) On March 15, 2021, the Company's Compensation and Management Development Committee certified that the reporting person earned 8,439 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. |
| 10 | Derivative | Restricted Stock Unit | 2022-03-14 | A | A | 22,352 | $0.00 | 121,464 | D | $0.00 · — to — | 22,352 Common Stock | (F6) Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. (F7) On March 14, 2022, the reporting person was granted 22,352 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. |