| 1. Name
and Address of Reporting Person * Green Nancy |
2. Date of Event Requiring Statement
(MM/DD/YYYY)
10/8/2020
|
3. Issuer Name and Ticker or Trading
Symbol GAP INC [GPS] |
|
(Last)
(First)
(Middle)
TWO FOLSOM ST |
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
___X___ Officer (give title
below) _____
Other (specify below)
President and CEO, Old Navy / |
|
(Street)
SAN
FRANCISCO, CA 94105-1205
(City)
(State)
(Zip)
|
5. 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 |
| Explanation of
Responses: |
| (1) |
The option represents a
right to purchase a total of 60,000 shares exercisable in four
equal annual installments beginning on March 16, 2021, which is the
first anniversary of the date on which the option was
granted. |
| (2) |
The option represents a
right to purchase a total of 37,500 shares: 12,500 became
exercisable on March 13, 2019; 12,500 became exercisable on March
13, 2020; and 12,500 will become exercisable on March 13,
2021. |
| (3) |
The option represents a
right to purchase a total of 110,000 shares exercisable in four
equal annual installments beginning on March 18, 2020, which was
the first anniversary of the date on which the option was
granted. |
| (4) |
The option represents a
right to purchase a total of 40,000 shares which became fully
exercisable as of March 14, 2020. |
| (5) |
The option represents a
right to purchase a total of 110,000 shares exercisable in four
equal annual installments beginning on March 19, 2019, which was
the first anniversary of the date on which the option was
granted. |
| (6) |
The option represents a
right to purchase a total of 20,000 shares which became fully
exercisable as of March 18, 2017. |
| (7) |
The option represents a
right to purchase a total of 20,000 shares which became fully
exercisable as of March 16, 2019. |
| (8) |
The option represents a
right to purchase a total of 10,000 shares which became fully
exercisable as of March 17, 2018. |
| (9) |
Each restricted stock unit
represents a contingent right to receive one share of Gap Inc.
Common Stock. |
| (10) |
Represents five grants of
Restricted Stock Units (RSUs). The RSU grants vest as follows:
36,233 shares vest on March 19, 2021; 2,500 shares vest on August
15, 2021; 26,205 shares vest on March 18, 2021 and 26,206 shares
vest on March 18, 2022; 20,000 shares vest on July 15, 2021 and
20,000 shares vest on July 15, 2022; and 97,289 shares vest on
March 16, 2022 and 97,289 shares vest on March 16,
2023. |
| (11) |
Not applicable. |
