Sarah Gilligan - 09 Mar 2023 Form 3 Insider Report for GAP INC (GAP)

Role
EVP Sup Chn, Strat & Transform
Signature
By: JoAnne Zinman, Power of Attorney For: Sarah Gilligan
Issuer symbol
GAP
Transactions as of
09 Mar 2023
Net transactions value
$0
Form type
3
Filing time
15 Mar 2023, 16:36:51 UTC
Previous filing
07 Mar 2023
Next filing
15 Mar 2023
SEC
View on sec.gov

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
holding GPS Non-Qualified Stock Option (right to buy) 09 Mar 2023 Common Stock 48,000 $8.34 Direct F1
holding GPS Non-Qualified Stock Option (right to buy) 09 Mar 2023 Common Stock 39,151 $13.93 Direct F2
holding GPS Non-Qualified Stock Option (right to buy) 09 Mar 2023 Common Stock 25,000 $23.54 Direct F3
holding GPS Non-Qualified Stock Option (right to buy) 09 Mar 2023 Common Stock 35,000 $25.56 Direct F4
holding GPS Non-Qualified Stock Option (right to buy) 09 Mar 2023 Common Stock 31,000 $30.18 Direct F5
holding GPS Non-Qualified Stock Option (right to buy) 09 Mar 2023 Common Stock 35,000 $32.23 Direct F6
holding GPS Non-Qualified Stock Option (right to buy) 09 Mar 2023 Common Stock 19,231 $32.25 Direct F7
holding GPS Non-Qualified Stock Option (right to buy) 09 Mar 2023 Common Stock 4,800 $36.45 Direct F8
holding GPS Non-Qualified Stock Option (right to buy) 09 Mar 2023 Common Stock 3,100 $41.27 Direct F9
holding GPS Non-Qualified Stock Option (right to buy) 09 Mar 2023 Common Stock 3,500 $42.20 Direct F10
holding GPS Restricted Stock Unit 09 Mar 2023 Common Stock 71,003 $0.000000 Direct F11, F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option represents a right to purchase a total of 48,000 shares exercisable in four equal annual installments beginning on March 16, 2021, which was the first anniversary of the date on which the option was granted
F2 The option represents a right to purchase a total of 39,151 shares exercisable in four equal annual installments beginning on March 14, 2023, which was the first anniversary of the date on which the option was granted.
F3 The option represents a right to purchase a total of 25,000 shares exercisable in four equal annual installments beginning on March 13, 2018, which was the first anniversary of the date on which the option was granted
F4 The option represents a right to purchase a total of 35,000 shares exercisable in four equal annual installments beginning on March 18, 2020, which was the first anniversary of the date on which the option was granted
F5 The option represents a right to purchase a total of 31,000 shares exercisable in four equal annual installments beginning on March 14, 2017, which was the first anniversary of the date on which the option was granted.
F6 The option represents a right to purchase a total of 35,000 shares exercisable in four equal annual installments beginning on March 19, 2019, which was the first anniversary of the date on which the option was granted.
F7 The option represents a right to purchase a total of 19,231 shares exercisable in four equal annual installments beginning on March 15, 2022, which was the first anniversary of the date on which the option was granted
F8 The option represents a right to purchase a total of 4,800 shares exercisable in four equal annual installments beginning on March 18, 2014, which was the first anniversary of the date on which the option was granted.
F9 The option represents a right to purchase a total of 3,100 shares exercisable in four equal annual installments beginning on March 16, 2016, which was the first anniversary of the date on which the option was granted.
F10 The option represents a right to purchase a total of 3,500 shares exercisable in four equal annual installments beginning on March 17, 2015, which was the first anniversary of the date on which the option was granted.
F11 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F12 Represents four grants of Restricted Stock Units (RSUs). The RSU grants vest as follows: 3,438 shares vest on March 14, 2023; 9,861 shares vest on March 15, 2023; 17,947 shares vest on September 14, 2023; 3,439 shares vest on March 14, 2024; 9,861 shares vest on March 15, 2024; 17,946 shares vest on September 14, 2024; 3,439 shares vest on March 14, 2025; 1,633 shares vest on March 15, 2025 and 3,439 shares vest on March 14, 2026
F13 Not applicable.