Nancy Green - Jul 15, 2021 Form 4 Insider Report for GAP INC (GPS)

Role
President & CEO, Old Navy
Signature
By: JoAnne Zinman, Power of Attorney For: Nancy Green
Stock symbol
GPS
Transactions as of
Jul 15, 2021
Transactions value $
-$294,704
Form type
4
Date filed
7/19/2021, 05:09 PM
Next filing
Aug 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +20K +20.2% $0.00 119K Jul 15, 2021 Direct
transaction GPS Common Stock Tax liability -$295K -9.92K -8.33% $29.72 109K Jul 15, 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 -20K -5.83% $0.00 323K Jul 15, 2021 Common Stock 20K $0.00 Direct F1, F2, 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 On July 15, 2019, the reporting person was granted 40,000 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.
F3 Not applicable.