Bob L. Martin - 30 Jun 2021 Form 4 Insider Report for GAP INC (GAP)

Role
Executive Chairman, Director
Signature
By: JoAnne Zinman, Power of Attorney For: Bob L. Martin
Issuer symbol
GAP
Transactions as of
30 Jun 2021
Net transactions value
$0
Form type
4
Filing time
02 Jul 2021, 16:13:36 UTC
Previous filing
28 May 2021
Next filing
17 Mar 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 Options Exercise $0 +4,939 +3.2% $0.000000 157,555 30 Jun 2021 Direct
transaction GPS Common Stock Options Exercise $0 +606 +0.38% $0.000000 158,161 30 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 +108 +10% $0.000000 1,187 30 Jun 2021 Common Stock 108 $0.000000 Direct F1, F2, F3
transaction GPS Dividend Equivalent Rights Options Exercise $0 -606 -51% $0.000000 581 30 Jun 2021 Common Stock 606 $0.000000 Direct F1, F3, F4
transaction GPS Stock Units Options Exercise $0 -4,939 -36% $0.000000 8,903 30 Jun 2021 Common Stock 4,939 $0.000000 Direct F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 June 30, 2018 and June 30, 2019 and 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.
F3 Not applicable.
F4 These shares were issued in settlement of dividend equivalent rights accrued on stock units granted on June 30, 2018.
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 June 30, 2018.