Mary Beth Laughton - 16 Mar 2022 Form 4 Insider Report for GAP INC (GAP)

Role
President & CEO, Athleta
Signature
By: JoAnne Zinman, Power of Attorney For: Mary Beth Laughton
Issuer symbol
GAP
Transactions as of
16 Mar 2022
Net transactions value
-$156,255
Form type
4
Filing time
18 Mar 2022, 14:42:25 UTC
Previous filing
16 Mar 2022
Next filing
28 Oct 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 +29,116 +234% $0.000000 41,567 16 Mar 2022 Direct
transaction GPS Common Stock Tax liability $156,255 -10,068 -24% $15.52 31,499 16 Mar 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 Restricted Stock Unit Options Exercise $0 -29,116 -12% $0.000000 210,942 16 Mar 2022 Common Stock 29,116 $0.000000 Direct F1, F2
* 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 On March 16, 2020, the reporting person was granted 58,233 restricted stock units, vesting 29,116 shares on March 16, 2022 and 29,117 shares on March 16, 2023.