Julie Gruber - Mar 14, 2022 Form 4 Insider Report for GAP INC (GPS)

Role
Chief Legal&Compliance Officer
Signature
By: JoAnne Zinman, Power of Attorney For: Julie Gruber
Stock symbol
GPS
Transactions as of
Mar 14, 2022
Transactions value $
-$94,310
Form type
4
Date filed
3/16/2022, 06:01 PM
Previous filing
Aug 16, 2021
Next filing
Mar 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +11.9K +98.26% $0.00 24.1K Mar 14, 2022 Direct F1
transaction GPS Common Stock Tax liability -$57.3K -4.11K -17.07% $13.93 20K Mar 14, 2022 Direct
transaction GPS Common Stock Options Exercise $0 +4.22K +21.13% $0.00 24.2K Mar 15, 2022 Direct
transaction GPS Common Stock Options Exercise $0 +3.12K +12.9% $0.00 27.3K Mar 15, 2022 Direct
transaction GPS Common Stock Tax liability -$37K -2.54K -9.29% $14.59 24.8K 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 +63.6K $0.00 63.6K Mar 14, 2022 Common Stock 63.6K $13.93 Direct F2
transaction GPS Performance Unit Award $0 +11.9K +282.89% $0.00 16.2K Mar 14, 2022 Common Stock 11.9K $0.00 Direct F3, F4
transaction GPS Performance Unit Options Exercise $0 -4.22K -26.12% $0.00 11.9K Mar 15, 2022 Common Stock 4.22K $0.00 Direct F3, F5
transaction GPS Restricted Stock Unit Award $0 +22.4K +22.55% $0.00 121K Mar 14, 2022 Common Stock 22.4K $0.00 Direct F6, F7
transaction GPS Restricted Stock Unit Options Exercise $0 -3.12K -2.57% $0.00 118K Mar 15, 2022 Common Stock 3.12K $0.00 Direct F6, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan.
F2 On March 14, 2022, the reporting person was granted an option to purchase a total of 63,620 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F3 Each performance unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F4 On March 14, 2022, the Company's Compensation and Management Development Committee certified that the reporting person earned 23,875 Performance Shares following completion of a three-year (2019-2021) performance cycle under the Company's Long-Term Growth program, with half of the award vesting on the certification date and the remainder vesting on the anniversary of such date.
F5 On March 15, 2021, the Company's Compensation and Management Development Committee certified that the reporting person earned 8,439 Performance Shares following completion of a three-year (2018-2020) performance cycle under the Company's Long-Term Growth program, with half of the award vesting on the certification date and the remainder vesting on the anniversary of such date.
F6 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F7 On March 14, 2022, the reporting person was granted 22,352 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F8 On March 15, 2021, the reporting person was granted 12,487 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.