GAP INC 4

4 · GAP INC · Filed Jul 1, 2016

Form 4

Period: 2016-06-30

Director

Transactions

Award
Stock Units
2016-06-30+6,597→ 16,986 total
Exercise: $0.00→ Common Stock (6,597 underlying)
Exercise/Conversion
Dividend Equivalent Rights
2016-06-30−294.943→ 386.94 total
Exercise: $0.00→ Common Stock (294.943 underlying)
Exercise/Conversion
Stock Units
2016-06-30−3,354→ 13,632 total
Exercise: $0.00→ Common Stock (3,354 underlying)
Award
Dividend Equivalent Rights
2016-06-30+461.559→ 681.884 total
Exercise: $0.00→ Common Stock (461.559 underlying)
Exercise/Conversion
Common Stock
2016-06-30+294→ 18,426 total
Tax Payment
Common Stock
2016-06-30$21.22/sh−546$11,586→ 17,880 total
Exercise/Conversion
Common Stock
2016-06-30+3,354→ 18,132 total

Footnotes (7)

[F1]Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock.
[F2]The dividend equivalent rights accrued on stock units originally granted on June 30, 2013, June 30, 2014 and June 30, 2015 and are immediately vested. Vested shares are delivered to the reporting person no sooner than 3 years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.
[F3]Not applicable.
[F4]These shares were issued in settlement of dividend equivalent rights accrued on stock units granted on June 30, 2013.
[F5]Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
[F6]Each stock unit is immediately vested. However, delivery of the shares is deferred until three years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.
[F7]These shares were issued in settlement of stock units granted on June 30, 2013.

Documents

1 file