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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

O'Connell Katrina
2. Date of Event Requiring Statement (MM/DD/YYYY)
3/23/2020 

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)
EVP CFO /
(Street)

SAN FRANCISCO, CA 94105-1205      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

6. Individual or Joint/Group Filing(Check Applicable Line)

_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

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 6221 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Non-Qualified Stock Option (right to buy)  (1)3/13/2027 Common Stock 20000 $23.54 D  
Non-Qualified Stock Option (right to buy)  (2)3/18/2029 Common Stock 20000 $25.56 D  
Non-Qualified Stock Option (right to buy)  (3)3/14/2026 Common Stock 30980 $30.18 D  
Non-Qualified Stock Option (right to buy)  (4)3/19/2028 Common Stock 18000 $32.23 D  
Non-Qualified Stock Option (right to buy)  (5)3/18/2023 Common Stock 3200 $36.45 D  
Non-Qualified Stock Option (right to buy)  (6)3/16/2025 Common Stock 8000 $41.27 D  
Non-Qualified Stock Option (right to buy)  (7)3/17/2024 Common Stock 3100 $42.2 D  
Restricted Stock Unit (8) (9) (10)Common Stock 39507 $0.0 D  

Explanation of Responses:
(1) The option represents a right to purchase a total of 20,000 shares exercisable in four equal annual installments beginning on March 13, 2018, which was the first anniversary of the date on which the option was granted.
(2) The option represents a right to purchase a total of 20,000 shares exercisable in four equal annual installments beginning on March 18, 2020, which was the first anniversary of the date on which the option was granted.
(3) The option represents a right to purchase a total of 30,980 shares exercisable in four equal annual installments beginning on March 14, 2017, which was the first anniversary of the date on which the option was granted.
(4) The option represents a right to purchase a total of 18,000 shares exercisable in four equal annual installments beginning on March 19, 2019, which was the first anniversary of the date on which the option was granted.
(5) The option represents a right to purchase a total of 3,200 shares exercisable in four equal annual installments beginning on March 18, 2014, which was the first anniversary of the date on which the option was granted.
(6) The option represents a right to purchase a total of 8,000 shares exercisable in four equal annual installments beginning on March 16, 2016, which was the first anniversary of the date on which the option was granted.
(7) The option represents a right to purchase a total of 3,100 shares exercisable in four equal annual installments beginning on March 17, 2015, which was the first anniversary of the date on which the option was granted.
(8) Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
(9) Represents three grants of Restricted Stock Units (RSUs). The RSU grants vest as follows: 9,507 shares vest on March 19, 2021; 15,000 shares vest on August 13, 2021 and 15,000 shares vest on August 13, 2022.
(10) Not applicable.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
O'Connell Katrina
TWO FOLSOM ST
SAN FRANCISCO, CA 94105-1205


EVP CFO

Signatures
By: JoAnne Zinman, Power of Attorney For: Katrina O'Connell3/25/2020
**Signature of Reporting PersonDate

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