PECK ARTHUR L 4
4 · GAP INC · Filed Mar 21, 2018
Insider Transaction Report
Form 4
GAP INCGPS
PECK ARTHUR L
Division President, EVP
Transactions
- Exercise/Conversion
Common Stock
2018-03-19+49,873→ 227,107.872 total - Tax Payment
Common Stock
2018-03-19$32.23/sh−22,209$715,796→ 204,898.872 total - Award
Non-Qualified Stock Option (right to buy)
2018-03-19+500,000→ 500,000 totalExercise: $32.23Exp: 2028-03-19→ Common Stock (500,000 underlying) - Award
Performance Shares
2018-03-19+49,874→ 49,874 totalExercise: $0.00→ Common Stock (49,874 underlying)
Holdings
- 37,150(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Each performance unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- [F2]On March 19, 2018, the reporting person was granted an option to purchase a total of 500,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
- [F3]On March 19, 2018 the Company's Compensation and Management Development Committee certified that the reporting person earned 99,747 Performance Shares following completion of a three-year (2015-2017) 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.