Nancy Green - Mar 18, 2022 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
Mar 18, 2022
Transactions value $
-$182,933
Form type
4
Date filed
3/22/2022, 06:09 PM
Previous filing
Mar 18, 2022
Next filing
Jun 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +25K +15.31% $0.00 189K Mar 18, 2022 Direct
transaction GPS Common Stock Tax liability -$183K -11.8K -6.27% $15.47 177K Mar 18, 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 -25K -9.33% $0.00 243K Mar 18, 2022 Common Stock 25K $0.00 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 18, 2019, the reporting person was granted 52,411 restricted stock units, vesting 26,205 shares on the second anniversary of the grant date and 26,206 shares on the third anniversary of the grant date. Vesting (but not distribution) is accelerated on retirement eligibility. 1,168 shares were previously withheld for mandatory tax withholding on these restricted stock units upon retirement eligibility (Form 4 filed 12/21/2021).