Curran Shawn 4

4 · GAP INC · Filed Mar 17, 2021

Form 4

Period: 2021-03-15

EVP, Glob Sup Chain & Prod Ops

Transactions

Exercise/Conversion
Common Stock
2021-03-15+3,847→ 40,033.655 total
Exercise/Conversion
Common Stock
2021-03-16+2,472→ 41,190.655 total
Tax Payment
Common Stock
2021-03-16$31.16/sh−854$26,611→ 40,336.655 total
Exercise/Conversion
Performance Shares
2021-03-16−2,472→ 0 total
Exercise: $0.00→ Common Stock (2,472 underlying)
Award
Restricted Stock Unit
2021-03-15+13,447→ 125,320 total
Exercise: $0.00→ Common Stock (13,447 underlying)
Award
Performance Unit
2021-03-15+3,847→ 3,847 total
Exercise: $0.00→ Common Stock (3,847 underlying)
Tax Payment
Common Stock
2021-03-15$32.25/sh−1,315$42,409→ 38,718.655 total
Award
Non-Qualified Stock Option (right to buy)
2021-03-15+39,594→ 39,594 total
Exercise: $32.25Exp: 2031-03-15→ Common Stock (39,594 underlying)

Footnotes (6)

[F1]On March 15, 2021, the reporting person was granted an option to purchase a total of 39,594 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
[F2]Each performance share represents a contingent right to receive one share of Gap Inc. Common Stock.
[F3]On March 16, 2020 the Company's Compensation and Management Development Committee certified that the reporting person earned 4,943 Performance Shares following completion of a three-year (2017-2019) performance cycle under the Company's Long-Term Growth program, with half of the award vesting on the certification date and the remainder vesting on the anniversary of such date.
[F4]On March 15, 2021, the Company's Compensation and Management Development Committee certified that the reporting person earned 7,694 Performance Shares following completion of a three-year (2018-2020) performance cycle under the Company's Long-Term Growth program, with half of the award vesting on the certification date and the remainder vesting on the anniversary of such date.
[F5]Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
[F6]On March 15, 2021, the reporting person was granted 13,447 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.

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