Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Bazzano Dara
2. Date of Event Requiring Statement (Month/Day/Year)
05/17/2017
3. Issuer Name and Ticker or Trading Symbol
GAP INC [GPS]
(Last)
(First)
(Middle)
TWO FOLSOM ST
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP & Chief Accting Ofcr
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SAN FRANCISCO, CA 94105-1205
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 2,866
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy)   (1) 03/13/2027 Common Stock 6,000 $ 23.54 D  
Non-Qualified Stock Option (right to buy)   (2) 03/14/2026 Common Stock 4,800 $ 30.18 D  
Non-Qualified Stock Option (right to buy)   (3) 03/16/2025 Common Stock 3,100 $ 41.27 D  
Non-Qualified Stock Option (right to buy)   (4) 03/17/2024 Common Stock 3,100 $ 42.2 D  
Non-Qualified Stock Option (right to buy)   (5) 08/20/2023 Common Stock 3,200 $ 43.31 D  
Restricted Stock Unit (6)   (7)   (8) Common Stock 20,975 $ 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Bazzano Dara
TWO FOLSOM ST
SAN FRANCISCO, CA 94105-1205
      VP & Chief Accting Ofcr  

Signatures

By: Marie Ma, Power of Attorney For: Dara Bazzano 05/24/2017
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On March 13, 2017, the reporting person was granted an option to purchase a total of 6,000 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
(2) On March 14, 2016, the reporting person was granted an option to purchase a total of 4,800 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
(3) On March 16, 2015, the reporting person was granted an option to purchase a total of 3,100 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
(4) On March 17, 2014, the reporting person was granted an option to purchase a total of 3,100 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
(5) On August 20, 2013, the reporting person was granted an option to purchase a total of 3,200 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
(6) Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
(7) Represents eight grants of Restricted Stock Units (RSUs). The RSU grants vest as follows: 800 shares vest on August 20, 2017; 1,750 shares vest on November 12, 2017; 1,500 shares vest on March 13, 2018; 2,950 shares vest on March 14, 2018; 2,025 shares vest on March 16, 2018; 775 shares vest on March 17, 2018; 1,750 shares vest on November 12, 2018; 1,500 shares vest on March 13, 2019; 2,950 shares vest on March 14, 2019; 775 shares vest on March 16, 2019; 1,500 shares vest on March 13, 2020, 1,200 shares vest on March 14, 2020 and 1,500 shares vest on March 13, 2021.
(8) Not applicable.

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