Katrina O'Connell - 10 Aug 2021 Form 4 Insider Report for GAP INC (GPS)

Role
EVP CFO
Signature
By: JoAnne Zinman, Power of Attorney For: Katrina O'Connell
Issuer symbol
GPS
Transactions as of
10 Aug 2021
Transactions value $
-$1,623,406
Form type
4
Filing time
12 Aug 2021, 17:42:42 UTC
Previous filing
14 Mar 2024
Next filing
16 Aug 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 $334,724 +53,300 +445% $6.28 65,271 10 Aug 2021 Direct F1
transaction GPS Common Stock Sale -$1,599,000 -53,300 -81.7% $30.00 11,971 10 Aug 2021 Direct F1
transaction GPS Common Stock Sale -$359,130 -11,971 -100% $30.00 0 10 Aug 2021 Direct F2

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 Non-Qualified Stock Option (right to buy) Options Exercise $0 -53,300 -25% $0.000000 159,900 10 Aug 2021 Common Stock 53,300 $6.28 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option exercise and sale reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 4, 2021.
F2 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 4, 2021.
F3 On March 23, 2020, the reporting person was granted an option to purchase a total of 213,200 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.