Form 4 for GAP GAP INC
Accepted 2023-03-16 00:00:00 ET · period of report 2023-03-14 · accession 0001704978-23-000004 · 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 | 2023-03-15+ | GAP | Breitbard Mark | Pres, CEO, Gap Brand | S - Sale+OE | $9.64 | -11.3K | 127.4K | -8% | -$109.2K |
| DM | 2023-03-16 | 2023-03-14+ | GAP | Breitbard Mark | Pres, CEO, Gap Brand | M - OptEx | $0.00 | +55.5K | 137.1K | +68% | $0 |
| DM | 2023-03-16 | 2023-03-14+ | GAP | Breitbard Mark | Pres, CEO, Gap Brand | F - Tax | $9.96 | -19.2K | 135.3K | -12% | -$191.2K |
| DM | 2023-03-16 | 2023-03-14+ | GAP | Breitbard Mark | Pres, CEO, Gap Brand | M - OptEx | $0.00 | -55.5K | 0 | -100% | $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 | 2023-03-16 | S | D | 3,457 | $9.59 | 123,985 | D | — | — | |
| 2 | Common | Common Stock | 2023-03-14 | M | A | 38,220 | $0.00 | 137,200 | D | — | — | |
| 3 | Common | Common Stock | 2023-03-14 | F | D | 13,215 | $9.98 | 123,985 | D | — | — | |
| 4 | Common | Common Stock | 2023-03-14 | M | A | 12,035 | $0.00 | 136,020 | D | — | — | |
| 5 | Common | Common Stock | 2023-03-14 | F | D | 4,161 | $9.98 | 131,859 | D | — | — | |
| 6 | Common | Common Stock | 2023-03-15 | M | A | 5,283 | $0.00 | 137,142 | D | — | — | |
| 7 | Common | Common Stock | 2023-03-15 | F | D | 1,826 | $9.75 | 135,316 | D | — | — | |
| 8 | Common | Common Stock | 2023-03-15 | S | D | 7,874 | $9.66 | 127,442 | D | — | — | (F2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.551 to $9.76, 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 transactions were effected. |
| 9 | Derivative | Restricted Stock Unit | 2023-03-15 | M | D | 5,283 | $0.00 | 216,738 | D | $0.00 · — to — | 5,283 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 21,132 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 10 | Derivative | Restricted Stock Unit | 2023-03-14 | M | D | 12,035 | $0.00 | 222,021 | D | $0.00 · — to — | 12,035 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 48,143 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 11 | Derivative | Performance Unit | 2023-03-14 | M | D | 38,220 | $0.00 | 0 | D | $0.00 · — to — | 38,220 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 76,440 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. |