Mary Beth Laughton - Nov 14, 2021 Form 3 Insider Report for GAP INC (GPS)

Role
President & CEO, Athleta
Signature
By: JoAnne Zinman, Power of Attorney For: Mary Beth Laughton
Stock symbol
GPS
Transactions as of
Nov 14, 2021
Transactions value $
$0
Form type
3
Date filed
11/23/2021, 05:16 PM
Next filing
Mar 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GPS Common Stock 8.43K Nov 14, 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
holding GPS Non-Qualified Stock Option (right to buy) Nov 14, 2021 Common Stock 48K $8.34 Direct F1
holding GPS Non-Qualified Stock Option (right to buy) Nov 14, 2021 Common Stock 76K $14.64 Direct F2
holding GPS Non-Qualified Stock Option (right to buy) Nov 14, 2021 Common Stock 175K $17.20 Direct F3
holding GPS Non-Qualified Stock Option (right to buy) Nov 14, 2021 Common Stock 45.3K $32.25 Direct F4
holding GPS Restricted Stock Unit Nov 14, 2021 Common Stock 199K $0.00 Direct F5, F6, F7
* 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 76,000 shares exercisable in four equal annual installments beginning on August 10, 2021, 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 175,000 shares exercisable in four equal annual installments beginning on October 28, 2020, 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 45,250 shares exercisable in four equal annual installments beginning on March 15, 2022, which is the first anniversary of the date on which the option was granted.
F5 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F6 Represents five grants of Restricted Stock Units (RSUs). The RSU grants vest as follows: 3,842 shares vest on March 15, 2022; 29,116 shares vest on March 16, 2022; 12,667 shares vest on August 10, 2022; 21,875 shares vest on October 28, 2022; 32,097 shares vest on March 15, 2023; 29,117 shares vest on March 16, 2023; 12,667 shares vest on August 10, 2023; 21,875 shares vest on October 28, 2023; 32,098 shares vest on March 15, 2024; and 3,842 shares vest on March 15, 2025.
F7 Not applicable.