John J. Fisher - Nov 1, 2021 Form 4 Insider Report for GAP INC (GPS)

Role: Director, 10%+ Owner
Signature: Jane Spray, Attorney-in-fact
Stock symbol: GPS
Transactions as of: Nov 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/3/2021, 07:24 PM
Previous filing: Jul 1, 2021
Next filing: Mar 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GPS	Common Stock	Options Exercise	$0	+5.87K	+0.06%	$0.00	10.5M	Nov 1, 2021	Direct	F1
transaction	GPS	Common Stock	Options Exercise	$0	+541	+0.01%	$0.00	10.5M	Nov 1, 2021	Direct	F2
holding	GPS	Common Stock						46.4K	Nov 1, 2021	By Spouse
holding	GPS	Common Stock						27M	Nov 1, 2021	By FCH TBML LLC	F3
holding	GPS	Common Stock						4.34M	Nov 1, 2021	By Trusts
holding	GPS	Common Stock						564K	Nov 1, 2021	By Trust
holding	GPS	Common Stock						1.58M	Nov 1, 2021	By Trust
holding	GPS	Common Stock						2M	Nov 1, 2021	By Trust	F4
holding	GPS	Common Stock						20K	Nov 1, 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	-5.87K	-100%	$0.00^*	0	Nov 1, 2021	Common Stock	5.87K	$0.00	Direct	F1
transaction	GPS	Dividend Equivalent Rights	Options Exercise	$0	-541	-100%	$0.00^*	0	Nov 1, 2021	Common Stock	541	$0.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	5,867 shares were issued in settlement of the stock units originally granted to the reporting person on November 1, 2018. Each stock unit represented the right to receive one share of The Gap, Inc. common stock ("Gap Common Stock").
F2	541 shares were issued in settlement of dividend equivalent rights on the above-referenced stock units originally granted to the reporting person on November 1, 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 TBML LLC, a Delaware limited liability company that owns the reported securities. As manager of FCH TBML LLC, the reporting person may be deemed to have indirect beneficial ownership of the 27,000,000 shares of The Gap, Inc. common stock ("Gap Common Stock") of which FCH TBML LLC has beneficial ownership. The reporting person disclaims beneficial ownership of all shares of Gap Common Stock held by FCH TBML LLC except to the extent of his pecuniary interest therein.
F4	The reporting person disclaims beneficial ownership of all shares of Gap Common Stock held by the trust except to the extent of his indirect pecuniary interest therein.