FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Goren Isabella D 2. Issuer Name and Ticker or Trading Symbol GAP INC [ GPS ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)         (First)         (Middle)
TWO FOLSOM ST
3. Date of Earliest Transaction (MM/DD/YYYY)
6/30/2020
(Street)
SAN FRANCISCO, CA 94105-1205
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock  6/30/2020    M    7276  A $0.0  30447  D   
Common Stock  6/30/2020    M    1068  A $0.0  31515  D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Dividend Equivalent Rights (1) $0.0  6/30/2020    A     1268.1173       (2)  (3) Common Stock  1268.1173  $0.0  2148.2504  D   
Dividend Equivalent Rights (1) $0.0  6/30/2020    M        1068.3358    (4)  (3) Common Stock  1068.3358  $0.0  1079.9146  D   
Stock Units (5) $0.0  6/30/2020    A     12678       (6)  (3) Common Stock  12678  $0.0  33796  D   
Stock Units (5) $0.0  6/30/2020    M        7276    (7)  (3) Common Stock  7276  $0.0  26520  D   

Explanation of Responses:
(1)  Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock.
(2)  The dividend equivalent rights accrued on stock units originally granted on June 30, 2017, June 30, 2018 and June 30, 2019 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.
(3)  Not applicable.
(4)  These shares were issued in settlement of dividend equivalent rights accrued on stock units granted on June 30, 2017.
(5)  Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
(6)  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.
(7)  These shares were issued in settlement of stock units granted on June 30, 2017.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Goren Isabella D
TWO FOLSOM ST
SAN FRANCISCO, CA 94105-1205
X



Signatures
By: Marie Ma, Power of Attorney For: Isabella Goren 7/2/2020
**Signature of Reporting Person Date
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