Sheila Peters - Aug 13, 2021 Form 4 Insider Report for GAP INC (GPS)

Role
EVP & Chief People Officer
Signature
By: JoAnne Zinman, Power of Attorney For: Sheila Peters
Stock symbol
GPS
Transactions as of
Aug 13, 2021
Transactions value $
-$72,774
Form type
4
Date filed
8/17/2021, 07:13 PM
Previous filing
May 19, 2021
Next filing
Mar 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +7.82K +476.72% $0.00 9.46K Aug 13, 2021 Direct F1
transaction GPS Common Stock Tax liability -$72.8K -2.52K -26.64% $28.89 6.94K Aug 13, 2021 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 Restricted Stock Unit Options Exercise $0 -7.82K -16.18% $0.00 40.5K Aug 13, 2021 Common Stock 7.82K $0.00 Direct F2, F3, F4
* 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 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F3 On August 13, 2019, the reporting person was granted 16,800 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date. Vesting (but not distribution) is accelerated on retirement eligibility, subject to the restricted stock units being held for one year following the grant date. 583 shares were previously withheld for mandatory tax withholding on these restricted stock units due to retirement eligibility (Form 4 filed 03/23/2021).
F4 Not applicable.