Tracy Gardner - 30 Jun 2022 Form 4 Insider Report for GAP INC (GAP)

Role
Director
Signature
By: JoAnne Zinman, Power of Attorney For: Tracy Gardner
Issuer symbol
GAP
Transactions as of
30 Jun 2022
Net transactions value
$0
Form type
4
Filing time
05 Jul 2022, 17:21:46 UTC
Previous filing
16 Jun 2022
Next filing
22 Jun 2023
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 +1,168 +4.8% $0.000000 25,594 30 Jun 2022 Direct
transaction GPS Common Stock Options Exercise $0 +8,903 +35% $0.000000 34,497 30 Jun 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 Dividend Equivalent Rights Award $0 +1,690 +251% $0.000000 2,362 30 Jun 2022 Common Stock 1,690 $0.000000 Direct F1, F2, F3
transaction GPS Dividend Equivalent Rights Options Exercise $0 -1,168 -49% $0.000000 1,194 30 Jun 2022 Common Stock 1,168 $0.000000 Direct F1, F3, F4
transaction GPS Stock Units Award $0 +20,631 +77% $0.000000 47,264 30 Jun 2022 Common Stock 20,631 $0.000000 Direct F3, F5, F6
transaction GPS Stock Units Options Exercise $0 -8,903 -19% $0.000000 38,361 30 Jun 2022 Common Stock 8,903 $0.000000 Direct F3, F5, F7
* 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, 2019, June 30, 2020, and June 30, 2021, 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, 2019.
F5 Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
F6 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.
F7 These shares were issued in settlement of stock units granted on June 30, 2019.