Fisher Core affiliates sell Gap shares under repurchase agreement

By Lisa Kerner

Charlotte, N.C., March 4 - Fisher Core Holdings LP affiliate and Gap, Inc. director Robert J. Fisher, along with William S. Fisher and John J. Fisher, reported the sale of Gap common stock to the issuer under separate repurchase agreements.

A total of 1,135,874 shares were sold on Jan. 10 for $21.10 per share.

The Fishers sold a total of 692,062 shares on Jan. 30 for $20.10 per share.

Under the Aug. 22, 2007 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 Fisher, 2.51% for William Fisher and 3.55% for John Fisher.

Fisher Core Holdings owns 101,000,000 shares, or 13.8%, of the Gap. Robert Fisher holds 141,001,812 shares, or 19.2%; William Fisher owns 138,911,025 shares, or 18.9%; and John Fisher holds 146,667,800 shares, or 20.0%, of the San Francisco-based specialty retailer.

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