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 *

Green Nancy
2. Issuer Name and Ticker or Trading Symbol

GAP INC [ GPS ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President & CEO, Old Navy
(Last)          (First)          (Middle)

TWO FOLSOM ST
3. Date of Earliest Transaction (MM/DD/YYYY)

3/14/2022
(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 3/15/2022  M  7684 A$0.0 120561 D  
Common Stock 3/15/2022  F  3809 D$14.59 116752 D  
Common Stock 3/15/2022  M  1027 A$0.0 117779 D  
Common Stock 3/15/2022  F(1)  1027 D$14.59 116752 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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Non-Qualified Stock Option (right to buy) $13.93 3/14/2022  A   176180     (2)3/14/2032 Common Stock 176180 $0.0 176180 D  
Restricted Stock Unit $0.0 (3)3/14/2022  A   61898     (4) (4)Common Stock 61898 $0.0 365831 D  
Restricted Stock Unit $0.0 (3)3/15/2022  M     8711   (5) (5)Common Stock 8711 $0.0 357120 D  

Explanation of Responses:
(1) Mandatory tax withholding on vesting of restricted stock units due to retirement eligibility.
(2) On March 14, 2022, the reporting person was granted an option to purchase a total of 176,180 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
(3) Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
(4) On March 14, 2022, the reporting person was granted 61,898 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
(5) On March 15, 2021, the reporting person was granted 30,737 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. Vesting (but not distribution) of 1,027 shares was accelerated for tax withholding upon the anniversary of the grant date due to retirement eligibility.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Green Nancy
TWO FOLSOM ST
SAN FRANCISCO, CA 94105-1205


President & CEO, Old Navy

Signatures
By: JoAnne Zinman, Power of Attorney For: Nancy Green3/16/2022
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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