DiGrande Sebastian 4
4 · GAP INC · Filed Mar 20, 2019
Insider Transaction Report
Form 4
GAP INCGPS
DiGrande Sebastian
EVP Strategy & CCO
Transactions
- Exercise/Conversion
Common Stock
2019-03-18+7,659→ 35,945 total - Tax Payment
Common Stock
2019-03-18$25.56/sh−2,628$67,172→ 33,317 total - Award
Non-Qualified Stock Option (right to buy)
2019-03-18+55,000→ 55,000 totalExercise: $25.56Exp: 2029-03-18→ Common Stock (55,000 underlying) - Award
Performance Shares
2019-03-18+7,659→ 7,659 totalExercise: $0.00→ Common Stock (7,659 underlying)
Footnotes (3)
- [F1]Each performance share represents a contingent right to receive one share of Gap Inc. Common Stock.
- [F2]On March 18, 2019, the reporting person was granted an option to purchase a total of 55,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
- [F3]On March 18, 2019 the Company's Compensation and Management Development Committee certified that the reporting person earned 15,318 Performance Shares following completion of a three-year (2016-2018) 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.