Sandra Stangl - Mar 14, 2022 Form 4 Insider Report for GAP INC (GPS)

Role
Pres. & CEO, Banana Republic
Signature
By: JoAnne Zinman, Power of Attorney For: Sandra Stangl
Stock symbol
GPS
Transactions as of
Mar 14, 2022
Transactions value $
-$22,410
Form type
4
Date filed
3/16/2022, 07:38 PM
Previous filing
Dec 16, 2021
Next filing
Sep 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +4.44K +55.24% $0.00 12.5K Mar 15, 2022 Direct
transaction GPS Common Stock Tax liability -$22.4K -1.54K -12.3% $14.59 10.9K 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 Non-Qualified Stock Option (right to buy) Award $0 +97.9K $0.00 97.9K Mar 14, 2022 Common Stock 97.9K $13.93 Direct F1
transaction GPS Restricted Stock Unit Award $0 +34.4K +62.93% $0.00 89K Mar 14, 2022 Common Stock 34.4K $0.00 Direct F2, F3
transaction GPS Restricted Stock Unit Options Exercise $0 -4.44K -4.99% $0.00 84.6K Mar 15, 2022 Common Stock 4.44K $0.00 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 14, 2022, the reporting person was granted an option to purchase a total of 97,878 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F2 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F3 On March 14, 2022, the reporting person was granted 34,387 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F4 On March 15, 2021, the reporting person was granted 17,770 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.