Form 4 for GAP GAP INC
Accepted 2023-03-16 00:00:00 ET · period of report 2023-03-14 · accession 0001666689-23-000004 · 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 | 2023-03-16 | 2023-03-14+ | GAP | Gruber Julie | Chief Legal, Compliance Off | M - OptEx | $0.00 | +20.6K | 65.1K | +46% | $0 |
| DM | 2023-03-16 | 2023-03-14+ | GAP | Gruber Julie | Chief Legal, Compliance Off | F - Tax | $9.95 | -7,117 | 61.0K | -10% | -$70.8K |
| DM | 2023-03-16 | 2023-03-14+ | GAP | Gruber Julie | Chief Legal, Compliance Off | M - OptEx | $0.00 | -20.6K | 187.6K | -10% | $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 | 2023-03-14 | M | A | 5,588 | $0.00 | 66,610.88 | D | — | — | |
| 2 | Common | Common Stock | 2023-03-15 | F | D | 1,079 | $9.75 | 66,721.88 | D | — | — | |
| 3 | Common | Common Stock | 2023-03-15 | M | A | 3,122 | $0.00 | 67,800.88 | D | — | — | |
| 4 | Common | Common Stock | 2023-03-14 | F | D | 1,932 | $9.98 | 64,678.88 | D | — | — | |
| 5 | Common | Common Stock | 2023-03-14 | M | A | 11,938 | $0.00 | 65,128.88 | D | — | — | (F1) Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan. |
| 6 | Common | Common Stock | 2023-03-14 | F | D | 4,106 | $9.98 | 61,022.88 | D | — | — | |
| 7 | Derivative | Performance Unit | 2023-03-14 | M | D | 11,938 | $0.00 | 0 | D | $0.00 · — to — | 11,938 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 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. |
| 8 | Derivative | Restricted Stock Unit | 2023-03-15 | M | D | 3,122 | $0.00 | 184,439 | D | $0.00 · — to — | 3,122 Common Stock | (F4) Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. (F6) 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. |
| 9 | Derivative | Restricted Stock Unit | 2023-03-14 | M | D | 5,588 | $0.00 | 187,561 | D | $0.00 · — to — | 5,588 Common Stock | (F4) Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. (F5) 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. |