X0303 4 2009-01-12 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 2009-01-12 4 S 0 557 25.68 D 175593 D Common Stock 983.611 I By 401(k) Plan The sale was effected pursuant to a Rule 10b5-1 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 January 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. Includes shares acquired under 401(k) Plan since the reporting person's previous Statement of Changes in Beneficial Ownership. Kimberly Holtz MacMillan as Attorney-in-Fact 2009-01-12