0001179110-15-012804.txt : 20150901
0001179110-15-012804.hdr.sgml : 20150901
20150901162034
ACCESSION NUMBER: 0001179110-15-012804
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150828
FILED AS OF DATE: 20150901
DATE AS OF CHANGE: 20150901
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: GAP INC
CENTRAL INDEX KEY: 0000039911
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651]
IRS NUMBER: 941697231
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0131
BUSINESS ADDRESS:
STREET 1: TWO FOLSOM STREET
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
BUSINESS PHONE: 6509524400
MAIL ADDRESS:
STREET 1: TWO FOLSOM STREET
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
FORMER COMPANY:
FORMER CONFORMED NAME: GAP STORES INC
DATE OF NAME CHANGE: 19850617
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FISHER JOHN J
CENTRAL INDEX KEY: 0001079847
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-07562
FILM NUMBER: 151087553
BUSINESS ADDRESS:
STREET 1: ONE HARRISON STREET
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
BUSINESS PHONE: 4159524400
MAIL ADDRESS:
STREET 1: C/O PISCES INC
STREET 2: ONE MERITIME PLAZA STE. 1400
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94111
4
1
edgar.xml
FORM 4 -
X0306
4
2015-08-28
0
0000039911
GAP INC
GPS
0001079847
FISHER JOHN J
ONE MARITIME PLAZA, SUITE 1400
SAN FRANCISCO
CA
94111
0
0
1
0
Common Stock
2015-08-28
4
P
0
5029850
32.995
A
17726544
D
Common Stock
27000000
I
By Fisher Core Holdings L.P.
Common Stock
42268
I
By Spouse
Common Stock
3581500
I
By Trust
Common Stock
1600000
I
By Trust
Common Stock
442014
I
By Trust
Common Stock
20000
I
By Limited Partnerships
On August 28, 2015 (the "Transfer Date"), the reporting person acquired shares of The Gap, Inc. common stock ("Gap Common Stock"), and cash in lieu of fractional shares, from certain trusts in exchange for assets (the "Transferred Assets") having an estimated fair market value of $166 million. An additional payment may be made in cash or a promissory note (a) by the trusts to the reporting person equal to the amount (if any) that the appraised fair market value of the Transferred Assets as of the Transfer Date exceeds their estimated fair market value, plus interest, or (b) by the reporting person to the trusts equal to the amount (if any) that the appraised fair market value of the Transferred Assets as of the Transfer Date is less than their estimated fair market value, plus interest. The $32.995 price per share was determined based on the estimated fair market value of the Transferred Assets, divided by the mean high/low price as reported by the NYSE.
The reporting person is a general partner of Fisher Core Holdings L.P., a Delaware limited partnership ("Fisher Holdings") that owns the reported securities. As a general partner of Fisher Holdings, the reporting person may be deemed to have indirect beneficial ownership of all 81,000,000 shares of Gap Common Stock of which Fisher Holdings has beneficial ownership. However, the reporting person disclaims beneficial ownership of all shares of Gap Common Stock held by Fisher Holdings except to the extent of his direct and indirect pecuniary interest therein.
Jane Spray, Attorney-in-fact
2015-08-31