MAYO A. SHATTUCK III - 30 Jun 2021 Form 4 Insider Report for GAP INC (GPS)

Role
Director
Signature
By: JoAnne Zinman, Power of Attorney For: Mayo Shattuck
Issuer symbol
GPS
Transactions as of
30 Jun 2021
Net transactions value
$0
Form type
4
Filing time
02 Jul 2021, 16:53:30 UTC
Previous filing
03 Jun 2021
Next filing
01 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +8,293 +7.2% $0.000000 124,086 30 Jun 2021 Direct
transaction GPS Common Stock Options Exercise $0 +1,641 +1.3% $0.000000 125,727 30 Jun 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 Dividend Equivalent Rights Award $0 +230 +11% $0.000000 2,314 30 Jun 2021 Common Stock 230 $0.000000 Direct F1, F2, F3
transaction GPS Dividend Equivalent Rights Options Exercise $0 -1,642 -71% $0.000000 672 30 Jun 2021 Common Stock 1,642 $0.000000 Direct F1, F3, F4
transaction GPS Stock Units Award $0 +5,052 +17% $0.000000 34,926 30 Jun 2021 Common Stock 5,052 $0.000000 Direct F3, F5, F6
transaction GPS Stock Units Options Exercise $0 -8,293 -24% $0.000000 26,633 30 Jun 2021 Common Stock 8,293 $0.000000 Direct F3, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock.
F2 The dividend equivalent rights accrued on stock units originally granted on June 30, 2013, June 30, 2018, June 30, 2019, and June 30, 2020, and are immediately vested. Vested shares are delivered to the reporting person no sooner than 3 years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.
F3 Not applicable.
F4 These shares were issued in settlement of dividend equivalent rights accrued on stock units granted on June 30, 2013 and June 30, 2018.
F5 Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
F6 Each stock unit is immediately vested. However, delivery of the shares is deferred until three years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.
F7 These shares were issued in settlement of stock units granted on June 30, 2013 and June 30, 2018.