4//SEC Filing
GAP INC 4
Accession 0000039911-14-000033
$GAPCIK 0000039911operating
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 8:13 PM ET
Size
18.7 KB
Accession
0000039911-14-000033
Insider Transaction Report
Form 4
GAP INCGPS
BANKS MICHELLE
SVP, General Counsel
Transactions
- Tax Payment
Common Stock
2014-03-18$42.14/sh−4,046$170,498→ 85,413.706 total - Award
Non-Qualified Stock Option (right to buy)
2014-03-17+35,000→ 35,000 totalExercise: $42.20Exp: 2024-03-17→ Common Stock (35,000 underlying) - Award
Performance Shares
2014-03-17+15,863→ 23,621 totalExercise: $0.00→ Common Stock (15,863 underlying) - Award
Restricted Stock Unit
2014-03-17+15,000→ 27,500 totalExercise: $0.00→ Common Stock (15,000 underlying) - Tax Payment
Common Stock
2014-03-17$42.20/sh−8,276$349,247→ 81,701.706 total - Award
Common Stock
2014-03-18+7,758→ 89,459.706 total - Exercise/Conversion
Performance Shares
2014-03-18+7,758→ 31,379 totalExercise: $0.00→ Common Stock (7,758 underlying) - Award
Common Stock
2014-03-17+15,863→ 89,977.706 total
Footnotes (10)
- [F1]Represents shares issued upon completion of a three-year (2011 - 2013) performance cycle and a one-year vesting period under the Company's Long-Term Growth Program. For additional information on the Company's Long-Term Growth Plan, please see the Company's Proxy Statement for its 2013 Annual Shareholder Meeting, available on gapinc.com.
- [F10]7,500 shares vest on March 17, 2016 and 7,500 vest on March 17, 2017.
- [F2]Represents shares issued upon completion of a three-year (2010 - 2012) performance cycle and a one-year vesting period under the Company's Long-Term Growth Program. For additional information on the Company's Long-Term Growth Plan, please see the Company's Proxy Statement for its 2013 Annual Shareholder Meeting, available on gapinc.com.
- [F3]The options under this grant become exercisable in four equal annual installments beginning one year from date of grant. Date of grant is 10 years prior to expiration date.
- [F4]Each Performance Share represents a contingent right to receive one share of Gap Inc. Common Stock.
- [F5]Represents Performance Shares earned following completion of a three-year (2011 - 2013) performance cycle and a one-year vesting period under the Company's Long-Term Growth Plan.
- [F6]Shares will vest on March 17, 2015.
- [F7]Not applicable.
- [F8]Represents Performance Shares earned following completion of a three-year (2010 - 2012) performance cycle and a one-year vesting period under the Company's Long-Term Growth Program.
- [F9]Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
Documents
Issuer
GAP INC
CIK 0000039911
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000039911
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 8:13 PM ET
- Size
- 18.7 KB