GAP INC — Director's Dealing 2012

Sep 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GAP INC (GPS)
CIK: 0000039911
Period of Report: 2012-09-06

Reporting Person: Funnell Colin (EVP Global Supply Chain)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-09-06	Common Stock	M	7500	$21.79	Acquired	9250.3017	Direct
2012-09-06	Common Stock	M	9000	$11.77	Acquired	18250.3017	Direct
2012-09-06	Common Stock	S	16500	$36	Disposed	1750.3017	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-09-06	Non-Qualified Stock Option (Right to Buy)	$21.79	M	7500	Disposed	2021-03-14	Common Stock (7500)	Direct
2012-09-06	Non-Qualified Stock Option (Right to Buy)	$11.77	M	9000	Disposed	2019-03-16	Common Stock (9000)	Direct

Footnotes

F1: The options under this grant become exercisable in four equal annual installments beginning one year from date of grant. Date of grant is 10 years prior to expiration date.