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Filing Details

Accession Number:: 0000039911-21-000025
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-17 18:42:03
Reporting Period:: 2021-03-15

Accepted Time:: 2021-03-17 18:42:03
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
39911	Gap Inc	GPS	Retail-Family Clothing Stores (5651)	941697231

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1704978	Mark Breitbard	Two Folsom St San Francisco CA 94105-1205	President & Ceo, Gap Brand	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2021-03-15	24,021	$0.00	69,556	No	4	M	Direct
Common Stock	Disposition	2021-03-15	8,305	$32.25	61,251	No	4	F	Direct
Common Stock	Disposition	2021-03-15	6,948	$31.19	54,303	No	4	S	Direct
Common Stock	Acquisiton	2021-03-16	10,862	$0.00	65,165	No	4	M	Direct
Common Stock	Disposition	2021-03-16	4,324	$31.16	60,841	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-Qualified Stock Option (right to buy)	Acquisiton	2021-03-15	62,219	$0.00	62,219	$32.25
Common Stock	Performance Unit	Acquisiton	2021-03-15	24,022	$0.00	24,022	$0.00
Common Stock	Performance Unit	Disposition	2021-03-16	10,862	$0.00	10,862	$0.00
Common Stock	Restricted Stock Unit	Acquisiton	2021-03-15	21,132	$0.00	21,132	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
62,219	2031-03-15	No	4	A	Direct
34,884		No	4	A	Direct
24,022		No	4	M	Direct
227,759		No	4	A	Direct

Footnotes

The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2020.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.94 to $31.42, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
On March 15, 2021, the reporting person was granted an option to purchase a total of 62,219 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
Each performance share represents a contingent right to receive one share of Gap Inc. Common Stock.
On March 15, 2021, the Company's Compensation and Management Development Committee certified that the reporting person earned 48,043 Performance Shares following completion of a three-year (2018-2020) performance cycle under the Company's Long-Term Growth program, with half of the award vesting on the certification date and the remainder vesting on the anniversary of such date.
On March 16, 2020 the Company's Compensation and Management Development Committee certified that the reporting person earned 21,724 Performance Shares following completion of a three-year (2017-2019) performance cycle under the Company's Long-Term Growth program, with half of the award vesting on the certification date and the remainder vesting on the anniversary of such date.
Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
On March 15, 2021, the reporting person was granted 21,132 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.