X0306 4 2020-07-02 0 0000039911 GAP INC GPS 0001079847 FISHER JOHN J 1300 EVANS AVENUE, NO. 880154 SAN FRANCISCO CA 94188 1 0 1 0 Common Stock 2020-07-02 4 J 0 3600000 A 27000000 I By FCH TBML LLC Common Stock 12164175 D Common Stock 45266 I By Spouse Common Stock 984 I By person sharing household Common Stock 2919244 I By Trusts Common Stock 564268 I By Trust Common Stock 1581500 I By Trust Common Stock 1000000 I By Trust Common Stock 20000 I By Limited Partnerships This transaction represents a transfer of shares of Gap Common Stock of which FCH TBML LLC has beneficial ownership pursuant to a substitution of assets provision of a trust. The purchase price for the shares will determined pursuant to a third-party appraisal. The reporting person is the sole manager and a member of FCH TBML LLC, a Delaware limited liability company that owns the reported securities. As manager of FCH TBML LLC, the reporting person may be deemed to have indirect beneficial ownership of the 27,000,000 shares of The Gap, Inc. common stock ("Gap Common Stock") of which FCH TBML LLC has beneficial ownership. The reporting person disclaims beneficial ownership of all shares of Gap Common Stock held by FCH TBML LLC except to the extent of his pecuniary interest therein. The reporting person disclaims beneficial ownership of all shares of Gap Common Stock owned by such person. The reporting person disclaims beneficial ownership of all shares of Gap Common Stock held by the trust except to the extent of his indirect pecuniary interest therein. Jane Spray, Attorney-in-fact 2020-07-02