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

Role
Executive Chairman, Director
Signature
By: JoAnne Zinman, Power of Attorney For: Bob L. Martin
Stock symbol
GPS
Transactions as of
Jun 30, 2021
Transactions value $
$0
Form type
4
Date filed
7/2/2021, 04:13 PM
Previous filing
May 28, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +4.94K +3.24% $0.00 158K Jun 30, 2021 Direct
transaction GPS Common Stock Options Exercise $0 +606 +0.38% $0.00 158K Jun 30, 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 +9.96% $0.00 1.19K Jun 30, 2021 Common Stock 108 $0.00 Direct F1, F2, F3
transaction GPS Dividend Equivalent Rights Options Exercise $0 -606 -51.06% $0.00 581 Jun 30, 2021 Common Stock 606 $0.00 Direct F1, F3, F4
transaction GPS Stock Units Options Exercise $0 -4.94K -35.68% $0.00 8.9K Jun 30, 2021 Common Stock 4.94K $0.00 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.