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

Role
Director
Signature
By: JoAnne Zinman, Power of Attorney For: Elizabeth Smith
Issuer symbol
GAP
Transactions as of
18 Jun 2021
Net transactions value
$0
Form type
4
Filing time
22 Jun 2021, 16:52:39 UTC
Previous filing
21 May 2021
Next filing
25 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Award $0 +30,524 $0.000000 30,524 18 Jun 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GPS Dividend Equivalent Rights Award $0 +234 $0.000000 234 18 Jun 2021 Common Stock 234 $0.000000 Direct F1, F2, F3
transaction GPS Dividend Equivalent Rights Options Exercise $0 -234 -100% $0.000000* 0 18 Jun 2021 Common Stock 234 $0.000000 Direct F1, F3, F4
transaction GPS Stock Units Options Exercise $0 -30,290 -100% $0.000000* 0 18 Jun 2021 Common Stock 30,290 $0.000000 Direct F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Elizabeth A. Smith is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock.
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.
F3 Not applicable.
F4 These shares were issued in settlement of dividend equivalent rights accrued on stock units granted on April 1, 2020 and June 30, 2020.
F5 Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
F6 These shares were issued in settlement of stock units granted on April 1, 2020 and June 30, 2020.