GAP INC — Director's Dealing 2015

May 6, 2015

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: GAP INC (GPS)
CIK: 0000039911
Period of Report: 2015-05-04

Reporting Person: Silten Roberta (EVP, Talent & Sustainability)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6653	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$11.77	2019-03-16	Common Stock (1305)		Direct
Non-Qualified Stock Option (right to buy)	$21.79	2021-03-14	Common Stock (9750)		Direct
Non-Qualified Stock Option (right to buy)	$23.07	2020-03-15	Common Stock (2000)		Direct
Non-Qualified Stock Option (right to buy)	$25.09	2022-03-12	Common Stock (13500)		Direct
Non-Qualified Stock Option (right to buy)	$36.45	2023-03-18	Common Stock (10000)		Direct
Non-Qualified Stock Option (right to buy)	$41.27	2025-03-16	Common Stock (10200)		Direct
Non-Qualified Stock Option (right to buy)	$42.2	2024-03-17	Common Stock (10000)		Direct
Restricted Stock Unit	$0.0		Common Stock (18602)		Direct

Footnotes

F1: The option, representing a right to purchase a total of 6,500 shares, became exercisable in four equal annual installments beginning on March 16, 2010, which was the first anniversary of the date on which the option was granted.

F2: The option, representing a right to purchase a total of 15,000 shares, became exercisable in four equal annual installments beginning on March 14, 2012, which was the first anniversary of the date on which the option was granted.

F3: The option, representing a right to purchase a total of 5,000 shares, became exercisable in four equal annual installments beginning on March 15, 2011, which was the first anniversary of the date on which the option was granted.

F4: The option, representing a right to purchase a total of 15,000 shares, became exercisable in four equal annual installments beginning on March 12, 2013, which was the first anniversary of the date on which the option was granted.

F5: The option, representing a right to purchase a total of 10,000 shares, became exercisable in four equal annual installments beginning on March 18, 2014, which was the first anniversary of the date on which the option was granted.

F6: The option, representing a right to purchase a total of 10,200 shares, becomes exercisable in four equal annual installments beginning on March 16, 2016, which is the first anniversary of the date on which the option was granted.

F7: The option, representing a right to purchase a total of 10,000 shares, became exercisable in four equal annual installments beginning on March 17, 2015, which was the first anniversary of the date on which the option was granted.

F8: Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.

F9: Represents four grants of Restricted Stock Units (RSUs). The RSU grants vest as follows: 5,057 shares vest on 03/18/2016; 5,185 shares vest on 03/17/2016; 1,587 shares vest on 03/16/2017; 5,186 shares vest on 03/17/2017 and 1,587 shares vest on 03/16/2018.

F10: Not applicable.