AMY E. MILES - 30 Jun 2021 Form 4 Insider Report for GAP INC (GAP)

Role
Director
Signature
By: JoAnne Zinman, Power of Attorney For: Amy Miles
Issuer symbol
GAP
Transactions as of
30 Jun 2021
Net transactions value
$0
Form type
4
Filing time
02 Jul 2021, 16:21:54 UTC
Previous filing
21 May 2021
Next filing
23 Aug 2021

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 +23 $0.000000 23 30 Jun 2021 Common Stock 23 $0.000000 Direct F1, F2, F3
transaction GPS Stock Units Award $0 +5,052 +17% $0.000000 35,342 30 Jun 2021 Common Stock 5,052 $0.000000 Direct F3, F4, F5
* 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, 2020 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 Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
F5 Each stock unit is immediately vested. However, delivery of the shares is deferred until three years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.