Form 4 for GAP GAP INC

Accepted 2021-08-17 00:00:00 ET · period of report 2021-08-13 · accession 0001807087-21-000012 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2021-08-17	2021-08-13	GAP	Peters Sheila	EVP, CHRO	F - Tax	$28.89	-2,519	6,938	-27%	-$72.8K
D	2021-08-17	2021-08-13	GAP	Peters Sheila	EVP, CHRO	M - OptEx	$0.00	+7,817	9,457	+477%	$0
D	2021-08-17	2021-08-13	GAP	Peters Sheila	EVP, CHRO	M - OptEx	$0.00	-7,817	40.5K	-16%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2021-08-13	F	D	2,519	$28.89	6,937.73	D	—	—
2	Common	Common Stock	2021-08-13	M	A	7,817	$0.00	9,456.73	D	—	—	(F1) Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan.
3	Derivative	Restricted Stock Unit	2021-08-13	M	D	7,817	$0.00	40,498	D	$0.00 · — to —	7,817 Common Stock	(F2) Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. (F3) On August 13, 2019, the reporting person was granted 16,800 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date. Vesting (but not distribution) is accelerated on retirement eligibility, subject to the restricted stock units being held for one year following the grant date. 583 shares were previously withheld for mandatory tax withholding on these restricted stock units due to retirement eligibility (Form 4 filed 03/23/2021). (F4) Not applicable.