X0202 4 2007-07-11 0000786110 GYMBOREE CORP GYMB 0001248223 LAMBERT BLAIR W C/O THE GYMBOREE CORPORATION 500 HOWARD STREET SAN FRANCISCO CA 94105 1 1 Chief OP Officer & CFO Common Stock 2007-07-11 4 S 0 480 39.88 D 246119 D Common Stock 740.752 I By 401(k) Plan The sale was effected pursuant to a Rule 105b-1 trading plan adopted by Mr. Lambert on December 11, 2006 for the purpose of selling shares as necessary to satisfy applicable tax withholding obligations upon the vesting of restricted stock. Vesting occurred on July 10, 2007. Includes shares acquired under The Gymboree Corporation 1993 Amended and Restated Stock Purchase Plan since the reporting person's previous Statement of Changes in Beneficial Ownership. Kimberly Holtz MacMillan as Attorney-in-Fact 2007-07-12