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

Role
Chief Digital & Tech Officer
Signature
By: JoAnne Zinman, Power of Attorney For: John Strain
Stock symbol
GPS
Transactions as of
Nov 13, 2021
Transactions value $
-$96,550
Form type
4
Date filed
11/16/2021, 05:28 PM
Previous filing
Nov 4, 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 +11.3K +72.5% $0.00 26.8K Nov 13, 2021 Direct F1, F2
transaction GPS Common Stock Tax liability -$96.5K -3.89K -14.53% $24.82 22.9K Nov 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 -11.3K -12.67% $0.00 77.6K Nov 13, 2021 Common Stock 11.3K $0.00 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.