Chapman Paul Joseph 4
4 · GAP INC · Filed Mar 16, 2018
Insider Transaction Report
Form 4
GAP INCGPS
Chapman Paul Joseph
EVP, CIO
Transactions
- Tax Payment
Common Stock
2018-03-14$32.42/sh−2,991$96,968→ 8,157 total - Exercise/Conversion
Common Stock
2018-03-14+9,275→ 11,148 total - Tax Payment
Common Stock
2018-03-16$31.74/sh−673$21,361→ 9,575 total - Exercise/Conversion
Common Stock
2018-03-16+2,091→ 10,248 total - Exercise/Conversion
Restricted Stock Unit
2018-03-14−9,275→ 14,983 totalExercise: $0.00→ Common Stock (9,275 underlying) - Exercise/Conversion
Restricted Stock Unit
2018-03-16−2,091→ 12,892 totalExercise: $0.00→ Common Stock (2,091 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- [F2]On March 14, 2016 the reporting person was granted 20,000 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date. Certain shares were withheld for payment of employment tax liability arising as a result of the reporting person reaching retirement eligibility. For details on the tax withholding, please see the Form 4 filed with the Commission on behalf of the reporting person on November 17, 2017.
- [F3]On March 16, 2015 the reporting person was granted 4,338 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date. Certain shares were withheld for payment of employment tax liability arising as a result of the reporting person reaching retirement eligibility. For details on the tax withholding, please see the Form 4 filed with the Commission on behalf of the reporting person on November 17, 2017.