GAP INC — Director's Dealing 2012

Feb 23, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GAP INC (GPS)
CIK: 0000039911
Period of Report: 2012-02-21

Reporting Person: SHATTUCK MAYO A III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-21	Common Stock	M	3750	$17.1	Acquired	53649	Direct
2012-02-21	Common Stock	M	3750	$15.95	Acquired	57399	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-21	Non-Qualified Stock Option (Right to Buy)	$15.95	M	3750	Disposed	2012-05-13	Common Stock (3750)	Direct
2012-02-21	Non-Qualified Stock Option (Right to Buy)	$17.1	M	3750	Disposed	2013-05-15	Common Stock (3750)	Direct

Footnotes

F1: These options were fully vested and exercisable.