X0303 4 2009-02-11 0000786110 GYMBOREE CORP GYMB 0001316946 Gustafson Lynda Gay C/O THE GYMBOREE CORPORATION 500 HOWARD STREET SAN FRANCISCO CA 94105 1 VP Corporate Controller Common Stock 2009-02-11 4 S 0 26 25.28 D 12656 D Common Stock 2009-02-11 4 S 0 542 24.81 D 12114 D Common Stock 1498.139 I By 401(k) Plan The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Ms. Gustafson on October 19, 2006 for the purpose of selling shares as necessary to satisfy applicable tax withholding obligations upon the vesting of restricted stock units. Vesting occurred on February 10, 2009. Includes shares acquired under The Gymboree Corporation 1993 Amended and Restated Employee Stock Purchase Plan since the reporting person's previous Statement of Changes in Beneficial Ownership. Kimberly Holtz MacMillan as Attorney-in-Fact 2009-02-12