GPS » Topics » ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

This excerpt taken from the GPS 10-Q filed Dec 9, 2008.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table presents information with respect to purchases of common stock of the Company made during the thirteen weeks ended November 1, 2008 by The Gap, Inc. or any affiliated purchaser, as defined in Rule 10b-18(a)(3) under the Exchange Act.

 

     Total
Number of
Shares
Purchased
   Average
Price Paid
per Share
   Total Number
of Shares
Purchased as
Part of
Publicly
Announced
Plans or
Programs
   Maximum
Number (or
approximate
dollar amount) of
Shares that May
Yet be Purchased
Under the Plans
or Programs (1)

Month #1 (August 3 - August 30)

   —      $ —      —      $ 500 million

Month #2 (August 31 - October 4)

   5,280,749    $ 17.76    5,280,749    $ 406 million

Month #3 (October 5 - November 1)

   383,857    $ 16.19    383,857    $ 400 million
               

Total

   5,664,606    $ 17.65    5,664,606   
               

 

(1) On February 27, 2008, our Board of Directors approved $1 billion for share repurchases, which we announced on February 28, 2008. This authorization has no expiration date.

 

22


Table of Contents
This excerpt taken from the GPS 10-Q filed Sep 9, 2008.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table presents information with respect to purchases of common stock of the Company made during the thirteen weeks ended August 2, 2008 by The Gap, Inc. or any affiliated purchaser, as defined in Rule 10b-18(a)(3) under the Exchange Act.

 

     Total
Number of
Shares
Purchased
   Average
Price Paid
per Share
   Total Number
of Shares
Purchased as
Part of
Publicly
Announced
Plans or
Programs
   Maximum
Number (or
approximate
dollar amount) of
Shares that May
Yet be Purchased
Under the Plans
or Programs (1)

Month #1 (May 4 - May 31)

   1,856,380    $ 18.44    1,856,380    $ 750 million

Month #2 (June 1 - July 5)

   14,432,297    $ 17.32    14,432,297    $ 500 million

Month #3 (July 6 - August 2)

   —      $ —      —      $ 500 million
               

Total

   16,288,677    $ 17.45    16,288,677   
               

 

(1) On February 27, 2008, our Board of Directors approved $1 billion for share repurchases, which we announced on February 28, 2008. This authorization has no expiration date.

 

21


Table of Contents
This excerpt taken from the GPS 10-Q filed Jun 10, 2008.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table presents information with respect to purchases of common stock of the Company made during the thirteen weeks ended May 3, 2008 by The Gap, Inc. or any affiliated purchaser, as defined in Rule 10b-18(a)(3) under the Exchange Act.

 

     Total
Number of
Shares
Purchased
   Average
Price Paid
per Share
   Total Number
of Shares
Purchased as
Part of
Publicly
Announced
Plans or
Programs
   Maximum
Number (or
approximate
dollar amount) of
Shares that May
Yet be Purchased
Under the Plans
or Programs (1)

Month #1 (February 3 – March 1)

   —      $ —      —      $ 1,000    million

Month #2 (March 2 – April 5)

   1,984,958    $ 19.35    1,984,958    $ 962    million

Month #3 (April 6 – May 3)

   9,443,035    $ 18.78    9,443,035    $ 784    million
                  

Total

   11,427,993    $ 18.88    11,427,993      
                  

 

(1)

On February 27, 2008, our Board of Directors approved $1 billion for share repurchases, which we announced on February 28, 2008. This authorization has no expiration date.

 

20


Table of Contents
This excerpt taken from the GPS 10-Q filed Dec 12, 2007.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table presents information with respect to purchases of common stock of the Company made during the thirteen weeks ended November 3, 2007 by The Gap, Inc. or any affiliated purchaser, as defined in Rule 10b-18(a)(3) under the Exchange Act.

 

     Total
Number of
Shares
Purchased
   Average
Price Paid
per Share
   Total Number
of Shares
Purchased as
Part of
Publicly
Announced
Plans or
Programs
   Maximum
Number (or
approximate
dollar amount) of
Shares that May
Yet be Purchased
Under the Plans
or Programs (1)

Month #1 (August 5 – September 1)

   1,730,155    $ 18.71    1,730,155    $ 1,468 million

Month #2 (September 2 – October 6)

   30,404,038    $ 18.30    30,404,038    $ 911 million

Month #3 (October 7 – November 3)

   16,065,660    $ 18.54    16,065,660    $ 613 million
               

Total

   48,199,853    $ 18.39    48,199,853   
               

 

(1)

On August 21, 2007, our Board of Directors approved $1.5 billion for our share repurchase program, which we announced on August 23, 2007. This authorization has no expiration date.

 

22


Table of Contents
This excerpt taken from the GPS 10-Q filed Sep 12, 2007.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table presents information with respect to purchases of common stock of the Company made during the thirteen weeks ended August 4, 2007 by The Gap, Inc. or any affiliated purchaser, as defined in Rule 10b-18(a)(3) under the Exchange Act.

 

     Total
Number of
Shares
Purchased
   Average
Price
Paid per
Share
   Total Number of
Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs
   Maximum Number
(or approximate
dollar amount) of
shares that May
Yet be Purchased
Under the Plans or
Programs (1)

Month #1 (May 6 – June 2)

   —      —      —      $ 200 million

Month #2 (June 3 – July 7)

   2,998,100    18.72    2,998,100    $ 144 million

Month #3 (July 8 – Aug 4)

   7,728,200    18.62    7,728,200    $ —  
                 

Total

   10,726,300    18.65    10,726,300   
                 

(1) On July 18, 2006, the Board of Directors approved $750 million for our share repurchase program, which we announced on August 3, 2006. The authority with respect to that authorization expired on August 1, 2007. On August 21, 2007, the Board of Directors approved an additional $1.5 billion for our share repurchase program, which we announced on August 23, 2007. This authorization has no expiration date.
This excerpt taken from the GPS 10-Q filed Jun 12, 2007.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table presents information with respect to purchases of common stock of the Company made during the thirteen weeks ended May 5, 2007 by The Gap, Inc. or any affiliated purchaser, as defined in Rule 10b-18(a)(3) under the Exchange Act.

 

      Total
Number of
Shares
Purchased
  

Average
Price

Paid per
Share

  

Total Number of

Shares

Purchased as

Part of Publicly
Announced

Plans or
Programs

  

Maximum Number

(or approximate

dollar amount) of

shares that May

Yet be Purchased

Under the Plans or
Programs (1)

Month #1 (Feb. 4 – Mar. 3)

   —      —      —      $ 200 million

Month #2 (Mar. 4 – Apr. 7)

   —      —      —      $ 200 million

Month #3 (Apr. 8 – May 5)

   —      —      —      $ 200 million
               

Total

   —         —     
               

(1)

On July 18, 2006, the Board of Directors approved $750 million for our share repurchase program, which we announced on August 3, 2006. The authority with respect to that authorization expires on August 1, 2007.

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