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Form฀10-K฀Table฀of฀Contents
Part฀I
Item฀1.฀ Business.............................................................................฀4
Item฀1a.฀฀ Risk฀Factors..........................................................................8
Item฀1b.฀฀ Unresolved฀Staff฀Comments ........................................................ 12
Item฀2.฀฀ Properties฀.......................................................................... 12
Item฀3.฀฀ Legal฀Proceedings฀.................................................................. 12
Item฀4.฀฀ Submission฀of฀Matters฀to฀a฀Vote฀of฀Security฀Holders฀................................ 12
Part฀II
Item฀5.฀฀ ฀Market฀for฀Registrant’s฀Common฀Equity,฀฀
Related฀Stockholder฀Matters฀and฀Issuer฀Purchases฀of฀Equity฀Securities฀.............. 13
Item฀6.฀฀ Selected฀Financial฀Data ............................................................. 15
Item฀7.฀฀ ฀Management’s฀Discussion฀and฀Analysis฀of฀Financial฀Condition฀฀
and฀Results฀of฀Operations฀.......................................................... 17
Item฀7a.฀฀ Quantitative฀and฀Qualitative฀Disclosures฀about฀Market฀Risk.........................33
Item฀8.฀฀ Financial฀Statements฀and฀Supplementary฀Data฀.....................................34
Item฀9.฀฀ ฀Changes฀In฀and฀Disagreements฀With฀Accountants฀on฀Accounting฀฀
and฀Financial฀Disclosure ............................................................68
Item฀9a.฀฀ Controls฀and฀Procedures ............................................................68
Item฀9b.฀฀ Other฀Information..................................................................69
Part฀III
Item฀10.฀฀ Directors,฀Executive฀Ofcers฀and฀Corporate฀Governance฀฀............................70
Item฀11.฀฀ Executive฀Compensation฀...........................................................70
Item฀12.฀฀ ฀Security฀Ownership฀of฀Certain฀Benecial฀Owners฀฀
and฀Management฀and฀Related฀Stockholder฀Matters.................................70
Item฀13.฀฀ Certain฀Relationships฀and฀Related฀Transactions,฀and฀Director฀Independence฀฀.......฀70
Item฀14.฀฀ Principal฀Accountant฀Fees฀and฀Services฀.............................................70
Part฀IV
Item฀15.฀฀ Exhibits฀and฀Financial฀Statement฀Schedules฀ ........................................฀71
฀ ฀ ฀
È
For
or
‘
For the transition period from to
Commission File Number 1-7562
THE GAP, INC.
(Exact name of registrant as specified in its charter)
Delaware 94-1697231
(State of Incorporation) (I.R.S. Employer Identification No.)
Two Folsom Street
San Francisco, California 94105
(Address of principal executive offices) (Zip code)
Registrant’s telephone number, including area code: (650) 952-4400
Securities registered pursuant to Section 12(b) of the Act:
Common Stock, $0.05 par value New York Stock Exchange, Inc.
(Title of class) (Name of each exchange where registered)
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes ÈNo ‘
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
Yes ‘No È
Indicate by check mark whether registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes ÈNo ‘
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein,
and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. È
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or
a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting
company” in Rule 12b-2 of the Exchange Act:
Large accelerated filer ÈAccelerated filer ‘Non-accelerated filer ‘Smaller reporting company ‘
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).
Yes ‘No È
The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant as of
August 3, 2007 was approximately $10 billion based upon the last price reported for such date in the NYSE-Composite
transactions.
The number of shares of the registrant’s common stock outstanding as of March 21, 2008 was 735,071,221.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the registrant’s Proxy Statement for the Annual Meeting of Shareholders to be held on June 2, 2008
(hereinafter referred to as the “2008 Proxy Statement”) are incorporated into Part III.
SECURITIES AND EXCHANGE COMMISSION
UNITED STATES
Washington, D.C. 20549
FORM 10-K
Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
the fiscal year ended February 2, 2008
(Mark One)
Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
฀฀ Form฀10-K฀฀฀1