John Strain - 13 Nov 2021 Form 4 Insider Report for GAP INC (GAP)

Role
Chief Digital & Tech Officer
Signature
By: JoAnne Zinman, Power of Attorney For: John Strain
Issuer symbol
GAP
Transactions as of
13 Nov 2021
Net transactions value
-$96,550
Form type
4
Filing time
16 Nov 2021, 17:28:32 UTC
Previous filing
04 Nov 2021
Next filing
16 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 +11,250 +72% $0.000000 26,768 13 Nov 2021 Direct F1, F2
transaction GPS Common Stock Tax liability $96,550 -3,890 -15% $24.82 22,878 13 Nov 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 -11,250 -13% $0.000000 77,573 13 Nov 2021 Common Stock 11,250 $0.000000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F2 Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan.
F3 On November 13, 2019, the reporting person was granted 45,000 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.