SANDRA STANGL - 14 Mar 2022 Form 4 Insider Report for GAP INC (GAP)

Role
Pres. & CEO, Banana Republic
Signature
By: JoAnne Zinman, Power of Attorney For: Sandra Stangl
Issuer symbol
GAP
Transactions as of
14 Mar 2022
Net transactions value
-$22,410
Form type
4
Filing time
16 Mar 2022, 19:38:08 UTC
Previous filing
16 Dec 2021
Next filing
02 Sep 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 +4,442 +55% $0.000000 12,483 15 Mar 2022 Direct
transaction GPS Common Stock Tax liability $22,410 -1,536 -12% $14.59 10,947 15 Mar 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 +97,878 $0.000000 97,878 14 Mar 2022 Common Stock 97,878 $13.93 Direct F1
transaction GPS Restricted Stock Unit Award $0 +34,387 +63% $0.000000 89,030 14 Mar 2022 Common Stock 34,387 $0.000000 Direct F2, F3
transaction GPS Restricted Stock Unit Options Exercise $0 -4,442 -5% $0.000000 84,588 15 Mar 2022 Common Stock 4,442 $0.000000 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.