SEC Form 3
FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 03/09/2023 |
3. Issuer Name and Ticker or Trading Symbol
GAP INC [ GPS ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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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) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: 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) | 03/16/2030 | Common Stock | 48,000 | 8.34 | D | |
Non-Qualified Stock Option (right to buy) | (2) | 03/14/2032 | Common Stock | 39,151 | 13.93 | D | |
Non-Qualified Stock Option (right to buy) | (3) | 03/13/2027 | Common Stock | 25,000 | 23.54 | D | |
Non-Qualified Stock Option (right to buy) | (4) | 03/18/2029 | Common Stock | 35,000 | 25.56 | D | |
Non-Qualified Stock Option (right to buy) | (5) | 03/14/2026 | Common Stock | 31,000 | 30.18 | D | |
Non-Qualified Stock Option (right to buy) | (6) | 03/19/2028 | Common Stock | 35,000 | 32.23 | D | |
Non-Qualified Stock Option (right to buy) | (7) | 03/15/2031 | Common Stock | 19,231 | 32.25 | D | |
Non-Qualified Stock Option (right to buy) | (8) | 03/18/2023 | Common Stock | 4,800 | 36.45 | D | |
Non-Qualified Stock Option (right to buy) | (9) | 03/16/2025 | Common Stock | 3,100 | 41.27 | D | |
Non-Qualified Stock Option (right to buy) | (10) | 03/17/2024 | Common Stock | 3,500 | 42.2 | D | |
Restricted Stock Unit(11) | (12) | (13) | Common Stock | 71,003 | 0.0 | D |
Explanation of Responses: |
1. The option represents a right to purchase a total of 48,000 shares exercisable in four equal annual installments beginning on March 16, 2021, which was the first anniversary of the date on which the option was granted |
2. The option represents a right to purchase a total of 39,151 shares exercisable in four equal annual installments beginning on March 14, 2023, 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 25,000 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 |
4. The option represents a right to purchase a total of 35,000 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 31,000 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 35,000 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 19,231 shares exercisable in four equal annual installments beginning on March 15, 2022, 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 4,800 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. |
9. The option represents a right to purchase a total of 3,100 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. |
10. The option represents a right to purchase a total of 3,500 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. |
11. Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. |
12. Represents four grants of Restricted Stock Units (RSUs). The RSU grants vest as follows: 3,438 shares vest on March 14, 2023; 9,861 shares vest on March 15, 2023; 17,947 shares vest on September 14, 2023; 3,439 shares vest on March 14, 2024; 9,861 shares vest on March 15, 2024; 17,946 shares vest on September 14, 2024; 3,439 shares vest on March 14, 2025; 1,633 shares vest on March 15, 2025 and 3,439 shares vest on March 14, 2026 |
13. Not applicable. |
By: JoAnne Zinman, Power of Attorney For: Sarah Gilligan | 03/15/2023 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |