Sheila Peters - Mar 14, 2023 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
Mar 14, 2023
Transactions value $
-$29,884
Form type
4
Date filed
3/16/2023, 07:42 PM
Previous filing
Mar 15, 2023
Next filing
Mar 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +5.16K +25.64% $0.00 25.3K Mar 14, 2023 Direct F1
transaction GPS Common Stock Tax liability -$17.5K -1.75K -6.93% $9.98 23.5K Mar 14, 2023 Direct
transaction GPS Common Stock Options Exercise $0 +537 +2.28% $0.00 24.1K Mar 14, 2023 Direct
transaction GPS Common Stock Tax liability -$5.36K -537 -2.23% $9.98 23.5K Mar 14, 2023 Direct F2
transaction GPS Common Stock Options Exercise $0 +1.81K +7.68% $0.00 25.3K Mar 15, 2023 Direct
transaction GPS Common Stock Tax liability -$5.67K -582 -2.3% $9.75 24.8K Mar 15, 2023 Direct
transaction GPS Common Stock Options Exercise $0 +437 +1.77% $0.00 25.2K Mar 15, 2023 Direct
transaction GPS Common Stock Tax liability -$1.37K -140 -0.56% $9.75 25K Mar 15, 2023 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 -5.16K -5.53% $0.00 88.2K Mar 14, 2023 Common Stock 5.16K $0.00 Direct F3, F4
transaction GPS Restricted Stock Unit Options Exercise $0 -537 -0.61% $0.00 87.6K Mar 14, 2023 Common Stock 537 $0.00 Direct F3, F5
transaction GPS Restricted Stock Unit Options Exercise $0 -1.81K -2.06% $0.00 85.8K Mar 15, 2023 Common Stock 1.81K $0.00 Direct F3, F6
transaction GPS Restricted Stock Unit Options Exercise $0 -437 -0.51% $0.00 85.4K Mar 15, 2023 Common Stock 437 $0.00 Direct F3, F7
* 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 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F4 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.
F5 The restricted stock units granted March 14, 2022 for which the reporting person is retirement eligible vest 5,158 shares on each of March 14, 2024, March 14, 2025 and March 14, 2026. Vesting (but not distribution) is accelerated on retirement eligibility, subject to the RSUs being held for one year following 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.
F7 On March 15, 2021, the reporting person was granted 960 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date. Vesting (but not distribution) of 43 shares was accelerated for tax withholding on November 15, 2022 due to retirement eligibility.