AMY E. MILES - 01 Apr 2023 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
01 Apr 2023
Net transactions value
$0
Form type
4
Filing time
04 Apr 2023, 17:18:11 UTC
Previous filing
23 Feb 2023
Next filing
02 May 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 +27,164 $0.000000 27,164 01 Apr 2023 Direct
transaction GPS Common Stock Options Exercise $0 +2,906 +11% $0.000000 30,070 01 Apr 2023 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 +1,696 +97% $0.000000 3,436 01 Apr 2023 Common Stock 1,696 $0.000000 Direct F1, F2, F3
transaction GPS Dividend Equivalent Rights Options Exercise $0 -2,906 -85% $0.000000 530 01 Apr 2023 Common Stock 2,906 $0.000000 Direct F1, F3, F4
transaction GPS Stock Units Options Exercise $0 -27,164 -49% $0.000000 28,809 01 Apr 2023 Common Stock 27,164 $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 April 1, 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 These shares were issued in settlement of dividend equivalent rights accrued on stock units granted on April 1, 2020.
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 April 1, 2020.