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GAP INC Director's Dealing 2009

Sep 9, 2009

30743_dirs_2009-09-08_2b61e5e7-2c85-4691-92c0-e77afdb5adfb.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GAP INC (GPS)
CIK: 0000039911
Period of Report: 2009-09-04

Reporting Person: SAGE GAVIN EVA (EVP, Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-09-04	Common Stock	M	1161	$14.41	Acquired	1161	Direct
2009-09-04	Common Stock	S	1161	$20.8318	Disposed	0	Direct
2009-09-04	Common Stock	M	61339	$14.41	Acquired	61339	Direct
2009-09-04	Common Stock	S	61339	$20.9135	Disposed	0	Direct
2009-09-04	Common Stock	M	37500	$14.41	Acquired	37500	Direct
2009-09-04	Common Stock	S	37500	$20.8318	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-09-04	Stock Option (Right to Buy)	$14.41	M	1161	Disposed	2013-03-31	Common Stock (1161)	Direct
2009-09-04	Stock Option (Right to buy)	$14.41	M	61339	Disposed	2013-03-31	Common Stock (61339)	Direct
2009-09-04	Stock Option (right to Buy)	$14.41	M	37500	Disposed	2013-03-31	Common Stock (37500)	Direct

Footnotes

F1: These shares are fully vested and exercisable.