X0306 4 2020-06-30 0 0000039911 GAP INC GPS 0001079848 FISHER ROBERT J 1300 EVANS AVENUE, NO. 880154 SAN FRANCISCO CA 94188 1 0 1 0 Common Stock 2020-06-30 4 M 0 7276 0 A 9977803 D Common Stock 2020-06-30 4 M 0 1068 0 A 9978871 D Common Stock 2020-07-02 4 J 0 3600000 A 27000000 I By FCH TBME LLC Common Stock 126671 I By Spouse Common Stock 122255 I By Trust Common Stock 15000 I By Limited Partnerships Stock Units 0 2020-06-30 4 M 0 7276 0 D Common Stock 7276 0 D Dividend Equivalent Rights 0 2020-06-30 4 M 0 1068.3358 0 D Common Stock 1068.3358 0 D 7,276 shares were issued in settlement of the stock units originally granted to the reporting person on June 30, 2017. Each stock unit represented the right to receive one share of The Gap, Inc. common stock ("Gap Common Stock"). 1,068 shares were issued in settlement of dividend equivalent rights on the above-referenced stock units originally granted to the reporting person on June 30, 2017. Each equivalent right was the economic equivalent of one share of Gap Common Stock. This transaction represents a transfer of shares of Gap Common Stock of which FCH TBME 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 TBME LLC, a Delaware limited liability company that owns the reported securities. As manager of FCH TBME LLC, the reporting person may be deemed to have an indirect beneficial ownership of the 27,000,000 shares of Gap Common Stock of which FCH TBME LLC has beneficial ownership. The reporting person disclaims beneficial ownership of all shares of Gap Common Stock held by FCH TBME LLC except to the extent of his pecuniary interest therein. Jane Spray, Attorney-in-fact 2020-07-02