Bob L. Martin - Mar 15, 2022 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
Mar 15, 2022
Transactions value $
-$629,982
Form type
4
Date filed
3/17/2022, 04:42 PM
Previous filing
Jul 2, 2021
Next filing
May 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +115K +72.88% $0.00 273K Mar 15, 2022 Direct
transaction GPS Common Stock Tax liability -$630K -43.2K -15.79% $14.59 230K Mar 15, 2022 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 Restricted Stock Unit Options Exercise $0 -115K -100% $0.00* 0 Mar 15, 2022 Common Stock 115K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F2 On March 15, 2021, the reporting person was granted 115,267 restricted stock units, vesting in full on the first anniversary of the grant date. Pursuant to the terms of the grant agreement, the shares issued upon vesting are subject to an additional two-year holding requirement.