Elizabeth A. Smith - 18 Jun 2021 Form 4 Insider Report for GAP INC (GAP)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
22 Jun 2021, 16:52:39 UTC
Prior SEC filing
21 May 2021
Next SEC filing
25 Feb 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
By: JoAnne Zinman, Power of Attorney For: Elizabeth Smith

Key filing fact

Elizabeth A. Smith filed Form 4 for GAP INC (GAP) on 22 Jun 2021.

Key facts

  • This page summarizes Elizabeth A. Smith's Form 4 filing for GAP INC (GAP).
  • 4 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 22 Jun 2021, 16:52.

Change

  • Previous filing in this sequence was filed on 21 May 2021.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GPS transaction

Common Stock

Award

Transaction value
$0
Shares
+30,524
Change %
Price
$0.000000
Shares after
30,524
Date
18 Jun 2021
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GPS transaction Derivative

Dividend Equivalent Rights

Award

Transaction value
$0
Shares
+234
Change %
Price
$0.000000
Shares after
234
Date
18 Jun 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
234
Exercise price
$0.000000
Footnotes
F1, F2, F3
GPS transaction Derivative

Dividend Equivalent Rights

Options Exercise

Transaction value
$0
Shares
-234
Change %
-100%
Price
$0.000000*
Shares after
0
Date
18 Jun 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
234
Exercise price
$0.000000
Footnotes
F1, F3, F4
GPS transaction Derivative

Stock Units

Options Exercise

Transaction value
$0
Shares
-30,290
Change %
-100%
Price
$0.000000*
Shares after
0
Date
18 Jun 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
30,290
Exercise price
$0.000000
Footnotes
F3, F5, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Elizabeth A. Smith is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 6 footnotes

Footnote F1

Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock.

Footnote F2

The dividend equivalent rights accrued on stock units originally granted on April 1, 2020 and June 30, 2020 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. The reporting person's service on the Board ended June 18, 2021.

Footnote F3

Not applicable.

Footnote F4

These shares were issued in settlement of dividend equivalent rights accrued on stock units granted on April 1, 2020 and June 30, 2020.

Footnote F5

Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.

Footnote F6

These shares were issued in settlement of stock units granted on April 1, 2020 and June 30, 2020.

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