HUGHES PENELOPE L 4

4 · GAP INC · Filed May 12, 2009

Form 4

Period: 2009-05-10

Director

Transactions

Tax Payment
Common Stock
2009-05-10$16.55/sh−871$14,415→ 18,428 total
Exercise/Conversion
Dividend Equivalent Rights
2009-05-10−314→ 0 total
→ Common Stock (314 underlying)
Exercise/Conversion
Stock Units
2009-05-10−5,494→ 0 total
Exercise: $0.00→ Common Stock (5,494 underlying)
Exercise/Conversion
Common Stock
2009-05-10+314→ 19,299 total
Exercise/Conversion
Common Stock
2009-05-10+5,494→ 18,985 total

Footnotes (4)

[F1]Each stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. Shares will be delivered to the reporting person no sooner than 3 years from the date of grant, unless further deferred, or immediately upon resignation or retirement from the Board, if earlier.
[F2]5,494 shares were delivered on 5/10/2009.
[F3]The dividend equivalent rights accrued on stock units originally granted on May 10, 2006 and are immediately vested. Each equivalent right is the economic equivalent of one share of Gap Inc. common stock. Shares will be delivered to the reporting person no sooner than 3 years from the date of grant, unless further deferred, or immediately upon resignation or retirement from the Board, if earlier.
[F4]314 shares were delivered on 5/10/2009.

Documents

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