John J. Fisher - 01 Nov 2021 Form 4 Insider Report for GAP INC (GPS)

Role
Director, 10%+ Owner
Signature
Jane Spray, Attorney-in-fact
Issuer symbol
GPS
Transactions as of
01 Nov 2021
Transactions value $
$0
Form type
4
Filing time
03 Nov 2021, 19:24:56
Previous filing
01 Jul 2021
Next filing
04 Mar 2022
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 +5.87K +0.06% $0.00 10.5M 01 Nov 2021 Direct F1
transaction GPS Common Stock Options Exercise $0 +541 +0.01% $0.00 10.5M 01 Nov 2021 Direct F2
holding GPS Common Stock 46.4K 01 Nov 2021 By Spouse
holding GPS Common Stock 27M 01 Nov 2021 By FCH TBML LLC F3
holding GPS Common Stock 4.34M 01 Nov 2021 By Trusts
holding GPS Common Stock 564K 01 Nov 2021 By Trust
holding GPS Common Stock 1.58M 01 Nov 2021 By Trust
holding GPS Common Stock 2M 01 Nov 2021 By Trust F4
holding GPS Common Stock 20K 01 Nov 2021 By Limited Partnerships

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 Stock Units Options Exercise $0 -5.87K -100% $0.00* 0 01 Nov 2021 Common Stock 5.87K $0.00 Direct F1
transaction GPS Dividend Equivalent Rights Options Exercise $0 -541 -100% $0.00* 0 01 Nov 2021 Common Stock 541 $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 5,867 shares were issued in settlement of the stock units originally granted to the reporting person on November 1, 2018. Each stock unit represented the right to receive one share of The Gap, Inc. common stock ("Gap Common Stock").
F2 541 shares were issued in settlement of dividend equivalent rights on the above-referenced stock units originally granted to the reporting person on November 1, 2018. Each equivalent right was the economic equivalent of one share of Gap Common Stock.
F3 The reporting person is the sole manager and a member of FCH TBML LLC, a Delaware limited liability company that owns the reported securities. As manager of FCH TBML LLC, the reporting person may be deemed to have indirect beneficial ownership of the 27,000,000 shares of The Gap, Inc. common stock ("Gap Common Stock") of which FCH TBML LLC has beneficial ownership. The reporting person disclaims beneficial ownership of all shares of Gap Common Stock held by FCH TBML LLC except to the extent of his pecuniary interest therein.
F4 The reporting person disclaims beneficial ownership of all shares of Gap Common Stock held by the trust except to the extent of his indirect pecuniary interest therein.