Statement of Changes in Beneficial Ownership (4)
July 02 2020 - 05:29PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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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 * Goren Isabella
D |
2. Issuer Name and Ticker or Trading
Symbol GAP INC [ GPS ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
_____ Officer (give title
below) _____ Other
(specify below)
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(Last)
(First)
(Middle)
TWO FOLSOM ST |
3. Date of Earliest Transaction (MM/DD/YYYY)
6/30/2020
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(Street)
SAN FRANCISCO, CA 94105-1205
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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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 Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Stock |
6/30/2020 |
|
M |
|
7276 |
A |
$0.0 |
30447 |
D |
|
Common Stock |
6/30/2020 |
|
M |
|
1068 |
A |
$0.0 |
31515 |
D |
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Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
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1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Dividend Equivalent Rights (1) |
$0.0 |
6/30/2020 |
|
A |
|
1268.1173 |
|
(2) |
(3) |
Common Stock |
1268.1173 |
$0.0 |
2148.2504 |
D |
|
Dividend Equivalent Rights (1) |
$0.0 |
6/30/2020 |
|
M |
|
|
1068.3358 |
(4) |
(3) |
Common Stock |
1068.3358 |
$0.0 |
1079.9146 |
D |
|
Stock Units (5) |
$0.0 |
6/30/2020 |
|
A |
|
12678 |
|
(6) |
(3) |
Common Stock |
12678 |
$0.0 |
33796 |
D |
|
Stock Units (5) |
$0.0 |
6/30/2020 |
|
M |
|
|
7276 |
(7) |
(3) |
Common Stock |
7276 |
$0.0 |
26520 |
D |
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Explanation of
Responses: |
(1) |
Each dividend equivalent
right is the economic equivalent of one share of Gap Inc. common
stock. |
(2) |
The dividend equivalent
rights accrued on stock units originally granted on June 30, 2017,
June 30, 2018 and June 30, 2019 and are immediately vested. Vested
shares are delivered to the reporting person no sooner than 3 years
from the date of grant, unless further deferred, or immediately
upon cessation of service as a member of the Board, if
earlier. |
(3) |
Not applicable. |
(4) |
These shares were issued in
settlement of dividend equivalent rights accrued on stock units
granted on June 30, 2017. |
(5) |
Each stock unit represents a
contingent right to receive one share of Gap Inc. common
stock. |
(6) |
Each stock unit is
immediately vested. However, delivery of the shares is deferred
until three years from the date of grant, unless further deferred,
or immediately upon cessation of service as a member of the Board,
if earlier. |
(7) |
These shares were issued in
settlement of stock units granted on June 30, 2017. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Goren Isabella D
TWO FOLSOM ST
SAN FRANCISCO, CA 94105-1205 |
X |
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Signatures
|
By: Marie Ma, Power of Attorney For: Isabella
Goren |
|
7/2/2020 |
**Signature of
Reporting Person |
Date |