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GAP INC — Director's Dealing 2021
May 25, 2021
30743_dirs_2021-05-25_5a268aa7-a87e-4a21-9c6f-3b7f081db13b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GAP INC (GPS)
CIK: 0000039911
Period of Report: 2021-05-21
Reporting Person: Syngal Sonia (Director, CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-05-21 | Common Stock | M | 16000 | $6.28 | Acquired | 88643.0866 | Direct |
| 2021-05-21 | Common Stock | S | 16000 | $32.788 | Disposed | 72643.0866 | Direct |
| 2021-05-21 | Common Stock | S | 4690 | $32.8071 | Disposed | 67953.0866 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-05-21 | Non-Qualified Stock Option (right to buy) | $6.28 | M | 16000 | Disposed | 2030-03-23 | Common Stock (16000) | Direct |
Footnotes
F1: The stock option exercise and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 23, 2020.
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.453 to $33.08, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F3: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 23, 2020.
F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.48 to $33.06, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F5: On March 23, 2020, the reporting person was granted an option to purchase a total of 767,522 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.