GAP INC — Director's Dealing 2015

Jan 13, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GAP INC (GPS)
CIK: 0000039911
Period of Report: 2015-01-12

Reporting Person: Calhoun Jack (Glob. Pres., Banana Republic)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-12	Common Stock	M	20000.0	$36.45	Acquired	28262.8793	Direct
2015-01-12	Common Stock	M	50000.0	$25.09	Acquired	78262.8793	Direct
2015-01-12	Common Stock	S	70000.0	$42.2216	Disposed	8262.8793	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-12	Non-Qualified Stock Option (right to buy)	$25.09	M	50000.0	Disposed	2022-03-12	Common Stock (50000)	Direct
2015-01-12	Non-Qualified Stock Option (right to buy)	$36.45	M	20000.0	Disposed	2023-03-18	Common Stock (20000)	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.