Mark Breitbard - 20 Dec 2021 Form 4 Insider Report for GAP INC (GPS)

Role
President & CEO, Gap Brand
Signature
By: JoAnne Zinman, Power of Attorney For: Mark Breitbard
Issuer symbol
GPS
Transactions as of
20 Dec 2021
Transactions value $
-$244,345
Form type
4
Filing time
22 Dec 2021, 15:07:55 UTC
Previous filing
19 May 2021
Next filing
16 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 +14,500 +26.91% $0 68,393 20 Dec 2021 Direct
transaction GPS Common Stock Tax liability -$119,984 -7,189 -10.51% $16.69 61,204 20 Dec 2021 Direct
transaction GPS Common Stock Sale -$124,360 -7,311 -11.95% $17.01 53,893 21 Dec 2021 Direct F1

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 Restricted Stock Unit Options Exercise $0 -14,500 -9.34% $0 140,728 20 Dec 2021 Common Stock 14,500 $0 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 and amended on March 18, 2021.
F2 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F3 On December 20, 2019, the reporting person was granted 29,000 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.
F4 Not applicable.