Sheila Peters - 14 Mar 2022 Form 4 Insider Report for GAP INC (GAP)

Role
EVP & Chief People Officer
Signature
By: JoAnne Zinman, Power of Attorney For: Sheila Peters
Issuer symbol
GAP
Transactions as of
14 Mar 2022
Net transactions value
-$12,971
Form type
4
Filing time
16 Mar 2022, 19:13:26 UTC
Previous filing
17 Aug 2021
Next filing
25 Mar 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 +2,017 +27% $0.000000 9,561 15 Mar 2022 Direct F1
transaction GPS Common Stock Tax liability $9,907 -679 -7.1% $14.59 8,882 15 Mar 2022 Direct
transaction GPS Common Stock Options Exercise $0 +210 +2.4% $0.000000 9,092 15 Mar 2022 Direct
transaction GPS Common Stock Tax liability $3,064 -210 -2.3% $14.59 8,882 15 Mar 2022 Direct F2

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 +58,726 $0.000000 58,726 14 Mar 2022 Common Stock 58,726 $13.93 Direct F3
transaction GPS Restricted Stock Unit Award $0 +20,632 +51% $0.000000 61,130 14 Mar 2022 Common Stock 20,632 $0.000000 Direct F4, F5
transaction GPS Restricted Stock Unit Options Exercise $0 -2,227 -3.6% $0.000000 58,903 15 Mar 2022 Common Stock 2,227 $0.000000 Direct F4, F6
* 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 Mandatory tax withholding on vesting of restricted stock units due to retirement eligibility.
F3 On March 14, 2022, the reporting person was granted an option to purchase a total of 58,726 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F4 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F5 On March 14, 2022, the reporting person was granted 20,632 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F6 On March 15, 2021, the reporting person was granted 8,068 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. Vesting (but not distribution) of 210 shares was accelerated for tax withholding upon the anniversary of the grant date due to retirement eligibility.