Mary Beth Laughton - Mar 14, 2022 Form 4 Insider Report for GAP INC (GPS)

Role
President & CEO, Athleta
Signature
By: JoAnne Zinman, Power of Attorney For: Mary Beth Laughton
Stock symbol
GPS
Transactions as of
Mar 14, 2022
Transactions value $
-$19,376
Form type
4
Date filed
3/16/2022, 06:26 PM
Previous filing
Nov 23, 2021
Next filing
Mar 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +3.84K +38.66% $0.00 13.8K Mar 15, 2022 Direct F1
transaction GPS Common Stock Tax liability -$19.4K -1.33K -9.64% $14.59 12.5K Mar 15, 2022 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 Non-Qualified Stock Option (right to buy) Award $0 +127K $0.00 127K Mar 14, 2022 Common Stock 127K $13.93 Direct F2
transaction GPS Restricted Stock Unit Award $0 +44.7K +22.44% $0.00 244K Mar 14, 2022 Common Stock 44.7K $0.00 Direct F3, F4
transaction GPS Restricted Stock Unit Options Exercise $0 -3.84K -1.58% $0.00 240K Mar 15, 2022 Common Stock 3.84K $0.00 Direct F3, F5
* 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 On March 14, 2022, the reporting person was granted an option to purchase a total of 127,241 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
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 44,704 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F5 On March 15, 2021, the reporting person was granted 15,368 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.