Insider Trades - HUGHES PENELOPE L

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HUGHES PENELOPE L: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
GAP INC Director NYSE:GPS (historical quotes, profile, SEC, other insiders)	19-May-09	28,067	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
19-May-09 11,340 GPS Option Exercise at $0 per share.
19-May-09 1,701 GPS Disposition (Non Open Market) at $15.98 per share.
(Value of $27,181)
10-May-09 5,808 GPS Option Exercise at $0 per share.
10-May-09 871 GPS Disposition (Non Open Market) at $16.55 per share.
(Value of $14,415)
29-Apr-09 26,094 GPS Option Exercise at $3.66 - $9.54 per share.
29-Apr-09 14,603 GPS Sale at $15.52 per share.
(Proceeds of $226,638)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
19-May-09	11,340	GPS	Option Exercise at $0 per share.
19-May-09	1,701	GPS	Disposition (Non Open Market) at $15.98 per share. (Value of $27,181)
10-May-09	5,808	GPS	Option Exercise at $0 per share.
10-May-09	871	GPS	Disposition (Non Open Market) at $16.55 per share. (Value of $14,415)
29-Apr-09	26,094	GPS	Option Exercise at $3.66 - $9.54 per share.
29-Apr-09	14,603	GPS	Sale at $15.52 per share. (Proceeds of $226,638)