MAYO A. SHATTUCK III - 30 Jun 2023 Form 4 Insider Report for GAP INC (GPS)

Role
Director
Signature
By: JoAnne Zinman, Power of Attorney For: Mayo A. Shattuck III
Issuer symbol
GPS
Transactions as of
30 Jun 2023
Net transactions value
$0
Form type
4
Filing time
05 Jul 2023, 19:17:56 UTC
Previous filing
08 May 2023
Next filing
05 Dec 2023
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 +1,792 +1.3% $0.000000 137,590 30 Jun 2023 Direct
transaction GPS Common Stock Options Exercise $0 +12,678 +9.2% $0.000000 150,268 30 Jun 2023 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 +2,658 +223% $0.000000 3,852 30 Jun 2023 Common Stock 2,658 $0.000000 Direct F1, F2, F3
transaction GPS Dividend Equivalent Rights Options Exercise $0 -1,793 -47% $0.000000 2,059 30 Jun 2023 Common Stock 1,793 $0.000000 Direct F1, F3, F4
transaction GPS Stock Units Award $0 +19,036 +50% $0.000000 57,397 30 Jun 2023 Common Stock 19,036 $0.000000 Direct F3, F5, F6
transaction GPS Stock Units Options Exercise $0 -12,678 -22% $0.000000 44,719 30 Jun 2023 Common Stock 12,678 $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, 2020, June 30, 2021, and June 30, 2022, and are immediately vested. Vested shares are delivered to the reporting person no sooner than three 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, 2020.
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, 2020.