GAP INC — Director's Dealing 2011

Jul 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GAP INC (GPS)
CIK: 0000039911
Period of Report: 2011-07-12

Reporting Person: BELLAMY ADRIAN D P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-12	Common Stock	M	1451	$5.63	Acquired	66439	Direct
2011-07-12	Common Stock	M	1492	$5.03	Acquired	67931	Direct
2011-07-12	Common Stock	M	16000	$12.86	Acquired	83931	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-12	Stock Option (Right to buy)	$5.63	M	1451	Disposed	2011-07-30	Common Stock (1451)	Direct
2011-07-12	Stock Option (Right to buy)	$5.03	M	1492	Disposed	2011-10-29	Common Stock (1492)	Direct
2011-07-12	Stock Option (Right to buy)	$12.86	M	16000	Disposed	2011-10-30	Common Stock (16000)	Direct

Footnotes

F1: These options are fully vested and exercisable.