Robert J. Fisher - 30 Jun 2021 Form 4 Insider Report for GAP INC (GAP)

Role
Director, 10%+ Owner
Signature
/s/ Jane Spray, Attorney-in-fact
Issuer symbol
GAP
Transactions as of
30 Jun 2021
Net transactions value
$0
Form type
4
Filing time
02 Jul 2021, 17:28:09 UTC
Next filing
04 Mar 2022
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 +4,939 +0.05% $0.000000 9,178,934 30 Jun 2021 Direct F1
transaction GPS Common Stock Options Exercise $0 +606 +0.01% $0.000000 9,179,540 30 Jun 2021 Direct F2
holding GPS Common Stock 27,000,000 30 Jun 2021 By FCH TBME LLC F3
holding GPS Common Stock 127,795 30 Jun 2021 By Spouse
holding GPS Common Stock 122,255 30 Jun 2021 By Trust
holding GPS Common Stock 15,000 30 Jun 2021 By Limited Partnerships

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 Stock Units Options Exercise $0 -4,939 -100% $0.000000* 0 30 Jun 2021 Common Stock 4,939 $0.000000 Direct F1
transaction GPS Dividend Equivalent Rights Options Exercise $0 -606 -100% $0.000000* 0 30 Jun 2021 Common Stock 606 $0.000000 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 4,939 shares were issued in settlement of the stock units originally granted to the reporting person on June 30, 2018. Each stock unit represented the right to receive one share of The Gap, Inc. common stock ("Gap Common Stock").
F2 606 shares were issued in settlement of dividend equivalent rights on the above-referenced stock units originally granted to the reporting person on June 30, 2018. Each equivalent right was the economic equivalent of one share of Gap Common Stock.
F3 The reporting person is the sole manager and a member of FCH TBME LLC, a Delaware limited liability company that owns the reported securities. As manager of FCH TBME LLC, the reporting person may be deemed to have an indirect beneficial ownership of the 27,000,000 shares of Gap Common Stock of which FCH TBME LLC has beneficial ownership. The reporting person disclaims beneficial ownership of all shares of Gap Common Stock held by FCH TBME LLC except to the extent of his pecuniary interest therein.