Form 4 for GAP GAP INC
Accepted 2023-03-16 00:00:00 ET · period of report 2023-03-14 · accession 0001807087-23-000004 · 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 | Peters Sheila | EVP, CHRO | F - Tax | $9.92 | -3,011 | 25.0K | -11% | -$29.9K |
| DM | 2023-03-16 | 2023-03-14+ | GAP | Peters Sheila | EVP, CHRO | M - OptEx | $0.00 | +7,939 | 25.3K | +46% | $0 |
| DM | 2023-03-16 | 2023-03-14+ | GAP | Peters Sheila | EVP, CHRO | M - OptEx | $0.00 | -7,939 | 88.2K | -8% | $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 | F | D | 1,752 | $9.98 | 23,525.96 | D | — | — | |
| 2 | Common | Common Stock | 2023-03-14 | M | A | 537 | $0.00 | 24,062.96 | D | — | — | |
| 3 | Common | Common Stock | 2023-03-14 | F | D | 537 | $9.98 | 23,525.96 | D | — | — | |
| 4 | Common | Common Stock | 2023-03-15 | F | D | 582 | $9.75 | 24,750.96 | D | — | — | |
| 5 | Common | Common Stock | 2023-03-15 | M | A | 437 | $0.00 | 25,187.96 | D | — | — | |
| 6 | Common | Common Stock | 2023-03-15 | F | D | 140 | $9.75 | 25,047.96 | D | — | — | |
| 7 | Common | Common Stock | 2023-03-14 | M | A | 5,158 | $0.00 | 25,277.96 | D | — | — | (F1) Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan. |
| 8 | Common | Common Stock | 2023-03-15 | M | A | 1,807 | $0.00 | 25,332.96 | D | — | — | |
| 9 | Derivative | Restricted Stock Unit | 2023-03-14 | M | D | 537 | $0.00 | 87,619 | D | $0.00 · — to — | 537 Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. (F5) The restricted stock units granted March 14, 2022 for which the reporting person is retirement eligible vest 5,158 shares on each of March 14, 2024, March 14, 2025 and March 14, 2026. Vesting (but not distribution) is accelerated on retirement eligibility, subject to the RSUs being held for one year following the grant date. |
| 10 | Derivative | Restricted Stock Unit | 2023-03-15 | M | D | 437 | $0.00 | 85,375 | D | $0.00 · — to — | 437 Common Stock | (F3) 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 960 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date. Vesting (but not distribution) of 43 shares was accelerated for tax withholding on November 15, 2022 due to retirement eligibility. |
| 11 | Derivative | Restricted Stock Unit | 2023-03-15 | M | D | 1,807 | $0.00 | 85,812 | D | $0.00 · — to — | 1,807 Common Stock | (F3) 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 8,068 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. Vesting (but not distribution) of 210 shares was accelerated for tax withholding upon the anniversary of the grant date due to retirement eligibility. |
| 12 | Derivative | Restricted Stock Unit | 2023-03-14 | M | D | 5,158 | $0.00 | 88,156 | D | $0.00 · — to — | 5,158 Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. (F4) On March 14, 2022, the reporting person was granted 20,632 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. |