Fisher Core affiliates sell Gap shares under stock trading plan

By Lisa Kerner

Charlotte, N.C., Oct. 1 - Gap, Inc. investor Robert J. Fisher entered into a stock trading plan with a third part to sell up to 3 million shares of the company's shares not held by Fisher Core Holdings LP.

According to a schedule 13D/A filed with the Securities and Exchange Commission, sales may be made under the plan subject to satisfaction of certain pricing and other conditions.

In August, Fisher entered into a similar plan to sell up to 2 million Gap shares.

Between Aug. 28 and Sept. 19, Fisher sold a total of 3,944,047 shares at an average price of $19.23 to $19.81 each, the filing said.

Fisher Core Holdings owns 101,000,000 shares, or 14.2%, of the Gap. Robert Fisher holds 136,252,910 shares, or 19.2%; William Fisher owns 133,757,934 shares, or 18.8%; and John Fisher holds 140,966,962 shares, or 19.8%, of the San Francisco-based specialty retailer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.