Initial Statement of Beneficial Ownership (3)
March 25 2020 - 6:33PM
Edgar (US Regulatory)
FORM 3
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0104
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Peters Sheila |
2. Date of Event Requiring Statement (MM/DD/YYYY)
3/23/2020
|
3. Issuer Name and Ticker or Trading Symbol
GAP INC [GPS]
|
(Last)
(First)
(Middle)
TWO FOLSOM ST |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) EVP & Chief People Officer / |
(Street)
SAN FRANCISCO, CA 94105-1205
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Beneficially Owned
|
1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 6718.4335 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Non-Qualified Stock Option (right to buy) | (1) | 3/14/2021 | Common Stock | 4500 | $21.79 | D | |
Non-Qualified Stock Option (right to buy) | (2) | 3/13/2027 | Common Stock | 20000 | $23.54 | D | |
Non-Qualified Stock Option (right to buy) | (3) | 3/12/2022 | Common Stock | 4250 | $25.09 | D | |
Non-Qualified Stock Option (right to buy) | (4) | 3/18/2029 | Common Stock | 20000 | $25.56 | D | |
Non-Qualified Stock Option (right to buy) | (5) | 3/14/2026 | Common Stock | 15000 | $30.18 | D | |
Non-Qualified Stock Option (right to buy) | (6) | 3/19/2028 | Common Stock | 18000 | $32.23 | D | |
Non-Qualified Stock Option (right to buy) | (7) | 3/18/2023 | Common Stock | 10000 | $36.45 | D | |
Non-Qualified Stock Option (right to buy) | (8) | 3/16/2025 | Common Stock | 15000 | $41.27 | D | |
Non-Qualified Stock Option (right to buy) | (9) | 3/17/2024 | Common Stock | 10000 | $42.2 | D | |
Restricted Stock Unit (10) | (11) | (12) | Common Stock | 23182 | $0.0 | D | |
Explanation of Responses: |
(1) | The option represents a right to purchase a total of 4,500 shares which became fully exercisable as of March 14, 2015. |
(2) | The option represents a right to purchase a total of 20,000 shares exercisable in four equal annual installments beginning on March 13, 2018, which was the first anniversary of the date on which the option was granted. |
(3) | The option represents a right to purchase a total of 4,250 shares which became fully exercisable on March 12, 2016. |
(4) | The option represents a right to purchase a total of 20,000 shares exercisable in four equal annual installments beginning on March 18, 2020, which was the first anniversary of the date on which the option was granted. |
(5) | The option represents a right to purchase a total of 15,000 shares exercisable in four equal annual installments beginning on March 14, 2017, which was the first anniversary of the date on which the option was granted. |
(6) | The option represents a right to purchase a total of 18,000 shares exercisable in four equal annual installments beginning on March 19, 2019, which was the first anniversary of the date on which the option was granted. |
(7) | The option represents a right to purchase a total of 10,000 shares exercisable in four equal annual installments beginning on March 18, 2014, which was the first anniversary of the date on which the option was granted. |
(8) | The option represents a right to purchase a total of 15,000 shares exercisable in four equal annual installments beginning on March 16, 2016, which was the first anniversary of the date on which the option was granted. |
(9) | The option represents a right to purchase a total of 10,000 shares exercisable in four equal annual installments beginning on March 17, 2015, which was the first anniversary of the date on which the option was granted. |
(10) | Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. |
(11) | Represents two grants of Restricted Stock Units (RSUs). The RSU grants vest as follows: 6,382 shares vest on March 19, 2021; 8,400 shares vest on August 13, 2021 and 8,400 shares vest on August 13, 2022. |
(12) | Not applicable. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Peters Sheila TWO FOLSOM ST SAN FRANCISCO, CA 94105-1205 |
|
| EVP & Chief People Officer |
|
Signatures
|
By: JoAnne Zinman, Power of Attorney For: Sheila Peters | | 3/25/2020 |
**Signature of Reporting Person | Date |
Gap (NYSE:GPS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Gap (NYSE:GPS)
Historical Stock Chart
From Jul 2023 to Jul 2024