Fisher Core affiliates report purchase agreements with the Gap

By Lisa Kerner

Charlotte, N.C., Aug. 24 - Fisher Core Holdings LP affiliates Robert J. Fisher, William S. Fisher and John J. Fisher separately entered into purchase agreements on Aug. 22 with the Gap, Inc.

Under the agreements, the Fishers will sell to the Gap a number of shares of common stock each month equal to a percentage of the number of shares purchased by the company under its share repurchase program.

The percentages were reported as 2.92% for Robert J. Fisher, 2.51% for William S. Fisher and 3.55% for John J. Fisher in a schedule 13D filing with the Securities and Exchange Commission.

No sales related to the purchase agreement have been made in the past 60 days.

Fisher Core Holdings owns 101,000,000 shares, or 12.5%, of the Gap. Robert J. Fisher holds 146,201,538 shares, or 18.1%; William S. Fisher owns 143,583,889 shares, or 17.8%; and John J. Fisher holds 152,158,256 shares, or 18.8%, of the San Francisco-based specialty retailer.

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