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2012 Annual Report
Our definition of
success: offering
amazing products
across our portfolio
of brands that
customers can’t
live without.

Table of contents

  • Page 1
    Our definition of success: offering amazing products across our portfolio of brands that customers can't live without. 2012 Annual Report

  • Page 2
    Our customers feel a passion for our product and a loyalty to our brands that inspires and energizes us. It's the personal connection we strive for every day. And there's nothing better than seeing how customers wear their favorites.

  • Page 3

  • Page 4
    Crystalin An My Gap khaki trench fits perfectly. And I love the way this white oxford shirt fits and makes me feel. I love the idea of maybe wearing designer jeans with a Gap tee. I mean it doesn't get better than that. Her favorites: Trench, shirt and belt (Gap)

  • Page 5
    ..., not everybody has it. The pattern in front stands out and makes it look very sophisticated. Today, I'm wearing high heels, and this scarf matches the dress perfectly. I've worn it at weddings in Mexico and Napa, and it always works great. Her favorites: Dress (Banana Republic) Cuff and scarf...

  • Page 6
    ... denim. To me, American style is that perfect pair of jeans that are comfortable and make you feel good about yourself. I can wear my Rockstar denim to work and to go out. And the bright pop of color makes you happy even when the day's drab and dreary. Her favorites: Jeans and belt (Old Navy)

  • Page 7
    ... my favorite t-shirt because I just like how the colors jump out. And I like the shark heads in the televisions. My mom got me this hoodie for Christmas. She probably got it because it says San Francisco to New York, and I was born in New York. His favorites: T-shirt (Gap Outlet) Hoodie (Old Navy)

  • Page 8
    Zoe Goodman My favorite colors are pink and white. Zoe's mom: I remember Zoe trying on the pu y vest from Old Navy and she didn't want to take it o because it was so fun. Her favorites: Denim jacket (Gap) Vest and jeans (Old Navy)

  • Page 9
    ... The red khakis are my favorites because they're so soft. It feels like I've had them for years only there are no holes. I love wearing them with all di erent shoes and shirts. And I always get compliments because they really do stand out in a crowd. His favorites: Khakis (Gap) Shoes (Piperlime)

  • Page 10
    Jennifer Turner I'm a marathon runner and triathlete, and this top is perfect for running. It's thin but super warm, so it's functional. And it's very stylish. I've worn it to work many times. It speaks to my style because it's comfortable and casual and you can dress it up or down. Her favorites: ...

  • Page 11
    ...work, I try to keep it classy, always wearing a jacket. This gray Banana Republic jacket is my favorite and really can go with anything. And blue jeans are the most iconic American look. I went to Gap, tried these selvedge jeans on, and fell in love with them. His favorites: Jacket, shirt and shoes...

  • Page 12
    ... first Old Navy store abroad. In North America, Athleta stores expanded to 35 locations, while Piperlime, with its online selection of curated, on-trend product from hundreds of labels, tested its first store concept in New York City. And we ended the year by acquiring multi-brand retailer, Intermix...

  • Page 13
    ... named "Company of the Year" by Yahoo! Finance. Making these achievements possible are the 136,000 employees of Gap Inc. who worked incredibly hard to produce our success. With global o ces in London, Tokyo, Shanghai, New York and San Francisco, our company benefits from an enviable mix of Gap Inc...

  • Page 14
    ... total company-operated square footage will increase year-over-year, and our growth is broad-based, both in terms of brands and geography. The expansion includes: Gap and Banana Republic franchise stores; Old Navy in Japan; Athleta in North America; and Global Outlet. Piperlime, New York City,Store...

  • Page 15
    2012 Gap Inc. Annual Report China, the second largest retail market in the world, has also proven to be an exciting market for Gap brand. We see near-term prospects to add another 35 stores in China in 2013, for a total of about 80. China represents a cornerstone of our global strategy, and one of ...

  • Page 16
    ... and her husband Don started Gap Inc. in 1969, they set out to help customers find the perfect pair of jeans. They accomplished that and much more - pioneering specialty retail and instilling a longstanding commitment within the company to the communities where we do business. After more than four...

  • Page 17
    ... of our stores. That means we are serious about building partnerships with organizations that share our passion for making a positive impact in the community. To be successful, we tailor our local business activities to the needs of di erent locations, whether it's Hong Kong, London, Shanghai or San...

  • Page 18
    We are guided by a promise to do more than sell clothes.

  • Page 19
    ... to Commission File Number 1-7562 THE GAP, INC. (Exact name of registrant as specified in its charter) Delaware (State of Incorporation) Two Folsom Street, San Francisco, California (Address of principal executive offices) 94-1697231 (I.R.S. Employer Identification No.) 94105 (Zip code) Registrant...

  • Page 20
    ... our international expansion plans, including our plans to open Old Navy stores outside of North America, open additional Gap stores in China, and open additional international outlet stores; • continued growth of online sales internationally; • our ability to maintain a strong financial profile...

  • Page 21
    ... store locations effectively; • the risk that comparable sales and margins will experience fluctuations; • the risk that changes in our credit profile or deterioration in market conditions may limit our access to the capital markets and adversely impact our financial results or our business...

  • Page 22
    THE GAP, INC. 2012 ANNUAL REPORT ON FORM 10-K TABLE OF CONTENTS Page PART I Item 1. Business 5 8 13 13 13 13 PART II Item 5. Item 6. Item 7. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Selected Financial Data Management's Discussion ...

  • Page 23
    ... shopping environment. Customers can purchase Old Navy products in stores and online, which includes online-exclusive items such as a plus-size line. In July 2012, the brand opened its first store outside of North America in Odaiba, Japan. Piperlime. Launched in 2006, Piperlime offers a mix...

  • Page 24
    ... experience through significant investments in marketing, enhancement of our online shopping sites, international expansion, remodeling of existing stores, and continued focus on customer service. Trademarks and Service Marks Gap, GapKids, babyGap, GapBody, Banana Republic, Old Navy, Piperlime...

  • Page 25
    ..., Supply Chain Strategy, Strategic Sourcing, and Global Logistics from June 2010 to August 2011; Senior Vice President, Corporate Operations and Logistics from 2008 to June 2010; Senior Vice President, Logistics from 2006 to 2007; Senior Vice President, Global Production and Old Navy Supply Chain...

  • Page 26
    ...drug store chain, from 2001 to 2007. Art Peck, 57, President, Growth, Innovation, and Digital division since November 2012; President, Gap North America from February 2011 to November 2012; Executive Vice President of Strategy and Operations from May 2005 to February 2011; President, Gap Inc. Outlet...

  • Page 27
    ... of our new global brand structure announced in October 2012. Competition for this personnel is intense, and we cannot be sure that we will be able to attract and retain a sufficient number of qualified personnel in future periods. Fluctuations in the global apparel retail business especially affect...

  • Page 28
    ... brand's specialty, outlet, online, and franchise operations. We currently plan to open additional Old Navy stores outside of North America, open additional Gap stores in China, open additional international outlet stores, and continue to grow online sales internationally. We have limited experience...

  • Page 29
    ... the market price of our common stock and cause our credit ratings to decline. Changes in our credit profile or deterioration in market conditions may limit our access to the capital markets and adversely impact our financial results or our business initiatives. In the first quarter of fiscal 2011...

  • Page 30
    ... risks. Our business employs systems and websites that allow for the secure storage and transmission of proprietary or confidential information regarding our customers, employees, job applicants, and others, including credit card information and personal identification information. Security breaches...

  • Page 31
    ... located in Phoenix, Arizona; Grove City, Ohio; Northern Kentucky; Bolton, Ontario, Canada; and Stafford, England. Third-party logistics companies provide logistics services to us through distribution warehouses in Chiba, Japan; Shanghai and Hong Kong, China; and Edison, New Jersey. In January 2013...

  • Page 32
    ... is the New York Stock Exchange. The number of holders of record of our stock as of March 19, 2013 was 7,894. The table below sets forth the market prices and dividends declared and paid for each of the fiscal quarters in fiscal 2012 and 2011. Market Prices Fiscal 2012 High Low Fiscal 2011 High Low...

  • Page 33
    ... purchases of common stock of the Company made during the fourteen weeks ended February 2, 2013 by The Gap, Inc. or any affiliated purchaser, as defined in Exchange Act Rule 10b-18(a)(3): Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or approximate...

  • Page 34
    ... the Company's Consolidated Financial Statements and related notes in Item 8. Fiscal Year (number of weeks) 2012 (53) 2011 (52) 2010 (52) 2009 (52) 2008 (52) Operating Results ($ in millions) Net sales Gross margin Operating margin Net income Cash dividends paid Per Share Data (number of shares in...

  • Page 35
    ... sales in North America for Gap, Banana Republic, and Old Navy in each of the four quarters of fiscal 2012. We executed on key expansion initiatives with 25 new Athleta stores, more than 30 new Gap stores in China, and our first Old Navy store in Japan. We generated $1.3 billion of free cash flow...

  • Page 36
    ...existing business, we also plan to grow revenues through our new brands, channels, and geographies, including the following: • opening additional stores in Asia with a focus on Gap China and Old Navy Japan; • expanding our global outlet presence; • continuing to open franchise stores worldwide...

  • Page 37
    ... and Square Footage Information Net sales per average square foot is as follows: 2012 Fiscal Year 2011 2010 Net sales per average square foot (1) _____ (1) Excludes net sales associated with our online, catalog, and franchise businesses. $ 364 $ 337 $ 342 Store count, openings, closings, and...

  • Page 38
    ... 2012 exchange rates. • For the Direct reportable segment, our net sales for fiscal 2012 increased $367 million compared with fiscal 2011. The increase was due to growth in our online business across all brands and the incremental sales related to new Athleta stores. In fiscal 2012, our net sales...

  • Page 39
    ... the filing of a U.S. federal income tax accounting method change application and the resolution of the Internal Revenue Service's review of the Company's federal income tax returns and refund claims for fiscal 2001 through 2006. Income Taxes ($ in millions) 2012 Fiscal Year 2011 2010 Income taxes...

  • Page 40
    ...We consider the following to be measures of our liquidity and capital resources: ($ in millions) February 2, 2013 January 28, 2012 January 29, 2011 Cash and cash equivalents and short-term investments Debt Working capital Current ratio $ $ $ 1,510 1,246 1,788 1.76:1 $ $ $ 1,885 1,665 2,181 2.02...

  • Page 41
    ... $25 million less net maturities of short-term investments in fiscal 2011 compared with fiscal 2010. In fiscal 2012, capital expenditures were $659 million. In fiscal 2013, we expect capital expenditures to be about $675 million. Cash Flows from Financing Activities Our cash outflows from financing...

  • Page 42
    ... borrowings under the Facility. The net availability of the Facility, reflecting $30 million of outstanding standby letters of credit, was $470 million as of February 2, 2013. On April 7, 2011, we obtained long-term senior unsecured credit ratings from Moody's Investors Service ("Moody's") and Fitch...

  • Page 43
    ... and Supplementary Data, Note 15 of Notes to Consolidated Financial Statements. Critical Accounting Policies and Estimates The preparation of financial statements in accordance with GAAP requires management to adopt accounting policies and make significant judgments and estimates to develop amounts...

  • Page 44
    ... of future cash flows requires management to make assumptions and to apply judgment, including forecasting future sales and expenses and estimating useful lives of the assets. These estimates can be affected by factors such as future store results, real estate demand, and economic conditions that...

  • Page 45
    ... related cost of goods sold at the time the products are received by the customers. For store sales, revenue is recognized when the customer receives and pays for the merchandise at the register, primarily with either cash, debit card, or credit card. For sales from our online and catalog business...

  • Page 46
    ... Statements and Supplementary Data, Note 1 of Notes to Consolidated Financial Statements for recent accounting pronouncements, including the expected dates of adoption and estimated effects on our Consolidated Financial Statements. Item 7A. Quantitative and Qualitative Disclosures About Market...

  • Page 47
    ...percent Notes due April 2021 and received proceeds of $1.24 billion in cash, net of underwriting and other fees. Interest is payable semi-annually on April 12 and October 12 of each year and commenced on October 12, 2011. The Notes are not subject to interest rate risk, as they have a fixed interest...

  • Page 48
    ... of Contents Item 8. Financial Statements and Supplementary Data. THE GAP, INC. INDEX TO CONSOLIDATED FINANCIAL STATEMENTS Page Report of Independent Registered Public Accounting Firm Consolidated Balance Sheets as of February 2, 2013 and January 28, 2012 Consolidated Statements of Income for the...

  • Page 49
    ... and January 28, 2012, and the related consolidated statements of income, comprehensive income, stockholders' equity, and cash flows, for each of the three fiscal years in the period ended February 2, 2013. We also have audited the Company's internal control over financial reporting as of February...

  • Page 50
    ... THE GAP, INC. CONSOLIDATED BALANCE SHEETS ($ and shares in millions except par value) February 2, 2013 January 28, 2012 ASSETS Current assets: Cash and cash equivalents Short-term investments Merchandise inventory Other current assets Total current assets Property and equipment, net Other...

  • Page 51
    Table of Contents THE GAP, INC. CONSOLIDATED STATEMENTS OF INCOME Fiscal Year ($ and shares in millions except per share amounts) 2012 2011 2010 Net sales Cost of goods sold and occupancy expenses Gross profit Operating expenses Operating income Interest expense (reversal) Interest income Income ...

  • Page 52
    ... INCOME Fiscal Year 2011 $ 833 ($ in millions) 2012 $ 1,135 2010 $ 1,204 Net income Other comprehensive income (loss), net of tax: Foreign currency translation, net of tax (tax benefit) of $-, $(2), and $6 Change in fair value of derivative financial instruments, net of tax (tax benefit) of $18...

  • Page 53
    ... compensation plans, net of shares withheld for employee taxes Tax benefit from exercise of stock options and vesting of stock units Share-based compensation, net of estimated forfeitures Cash dividends Balance as of January 29, 2011 Net income Foreign currency translation, net of tax benefit of...

  • Page 54
    Table of Contents THE GAP, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Fiscal Year 2011 ($ in millions) 2012 2010 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization Amortization of lease...

  • Page 55
    ... women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, Athleta, and Intermix brands. We have Company-operated stores in the United States, Canada, the United Kingdom, France, Ireland, Japan, and beginning in November 2010, China and Italy. We also have franchise agreements...

  • Page 56
    ... Statements of Income over the remaining term of the leases. Insurance and Self-Insurance We use a combination of insurance and self-insurance for a number of risk management activities including workers' compensation, general liability, and employee-related health care benefits, a portion...

  • Page 57
    ... days of shipment. Amounts related to shipping and handling that are billed to customers are recorded in net sales, and the related costs are recorded in cost of goods sold and occupancy expenses in the Consolidated Statements of Income. Revenues are presented net of estimated returns and any taxes...

  • Page 58
    ... result in an impairment review include the decision to close a store, corporate facility, or distribution center, or a significant decrease in the operating performance of the long-lived asset. Long-lived assets are considered impaired if the estimated undiscounted future cash flows of the asset or...

  • Page 59
    ...the employee is required to provide service in exchange for stock options and Stock Units. Unredeemed Gift Cards, Gift Certificates, and Credit Vouchers Upon issuance of a gift card, gift certificate, or credit voucher, a liability is established for its cash value. The liability is relieved and net...

  • Page 60
    ... store locations and online. The cobranded credit card is a VISA credit card bearing the logo of Gap, Old Navy, or Banana Republic and can be used everywhere VISA credit cards are accepted. A third-party financing company is the sole owner of the accounts issued under the Credit Card programs...

  • Page 61
    ...Additional Financial Statement Information Cash and Cash Equivalents and Short-Term Investments Cash and cash equivalents and short-term investments consist of the following: ($ in millions) February 2, 2013 January 28, 2012 Cash (1) Bank certificates of deposit and time deposits Money market funds...

  • Page 62
    ...: ($ in millions) February 2, 2013 January 28, 2012 Accounts receivable Current portion of deferred tax assets Prepaid minimum rent and occupancy expenses Prepaid income taxes Derivative financial instruments Prepaid catalog expenses Restricted cash Other Other current assets Property and Equipment...

  • Page 63
    ...and benefits Unredeemed gift cards, gift certificates, and credit vouchers, net of breakage Short-term deferred rent and tenant allowances Insurance liabilities Sales return allowance Accrued advertising Credit card reward points and certificates liability Derivative financial instruments Short-term...

  • Page 64
    ... on the Consolidated Financial Statements for any period reported. Note 3. Acquisition On December 31, 2012, we acquired all of the outstanding capital stock of Intermix, a multi-brand retailer of luxury and contemporary women's apparel and accessories based in New York, New York, for an aggregate...

  • Page 65
    ..., 2012. During fiscal 2012, 2011, and 2010, there were no changes in the $99 million carrying amount of goodwill related to Athleta. The goodwill associated with both Athleta and Intermix is allocated to the Direct reportable segment. During the fourth quarter of fiscal 2012, we completed our annual...

  • Page 66
    ... 2021 and received proceeds of $1.24 billion in cash, net of underwriting and other fees of $11 million. The net proceeds were available for general corporate purposes, including repurchases of our common stock. Interest is payable semi-annually on April 12 and October 12 of each year and commenced...

  • Page 67
    ... fiscal 2012 or 2011. Financial Assets and Liabilities Financial assets and liabilities measured at fair value on a recurring basis and cash equivalents and short-term investments held at amortized cost are as follows: Fair Value Measurements at Reporting Date Using Quoted Prices in Active Markets...

  • Page 68
    ...lived intangible assets for fiscal 2012, 2011, or 2010. Note 8. Derivative Financial Instruments We operate in foreign countries, which exposes us to market risk associated with foreign currency exchange rate fluctuations. Our risk management policy is to hedge a portion of our transactions related...

  • Page 69
    ... fiscal 2012, 2011, or 2010 as a result of hedge ineffectiveness, hedge components excluded from the assessment of effectiveness, or the discontinuance of net investment hedges. Other Derivatives Not Designated as Hedging Instruments We use foreign exchange forward contracts to hedge our market risk...

  • Page 70
    ... losses on foreign exchange forward contracts in cash flow hedging and net investment hedging relationships recorded in OCI and the Consolidated Statements of Income, on a pre-tax basis, are as follows: Fiscal Year ($ in millions) 2012 2011 2010 Derivatives in cash flow hedging relationships: Gain...

  • Page 71
    ...-based compensation expense is as follows: Fiscal Year ($ in millions) 2012 2011 2010 Stock units Stock options Employee stock purchase plan Share-based compensation expense Less: Income tax benefit Share-based compensation expense, net of tax $ $ 92 $ 17 4 113 (44) 69 $ 39 $ 15 4 58 (23) 35...

  • Page 72
    ...Term Incentive Plan (the "2011 Plan"). Under the 2011 Plan, nonqualified stock options and other stock awards are granted to officers, directors, eligible employees, and consultants at exercise prices or initial values equal to the fair market value of the Company's common stock at the date of grant...

  • Page 73
    ... on the date of grant using the following assumptions: 2012 Fiscal Year 2011 2010 Expected term (in years) Expected volatility Dividend yield Risk-free interest rate 4.6 33.6% 2.1% 1.0% 4.9 30.6% 2.1% 2.3% 4.8 29.0% 1.8% 2.7% A summary of stock option activity under the 2011 Plan and the...

  • Page 74
    ... 2, 2013 had a weighted-average remaining contractual life of 4.15 years. Employee Stock Purchase Plan Under our Employee Stock Purchase Plan ("ESPP"), eligible U.S. employees are able to purchase our common stock at 85 percent of the closing price on the New York Stock Exchange on the last day of...

  • Page 75
    ... expect our lease payments, net of sublease income, to result in a total net cash outlay of approximately $13 million for the remaining lease terms. Note 12. Income Taxes For financial reporting purposes, components of income before income taxes are as follows: ($ in millions) 2012 Fiscal Year 2011...

  • Page 76
    ... earnings as of February 2, 2013 and we have recorded related tax expense of $5 million. The difference between the effective tax rate and the U.S. federal tax rate is as follows: 2012 Fiscal Year 2011 2010 Federal tax rate State income taxes, less federal benefit Tax impact of foreign operations...

  • Page 77
    ...) February 2, 2013 January 28, 2012 Deferred tax assets: Deferred rent Accrued payroll and related benefits Nondeductible accruals Inventory capitalization and other adjustments Depreciation State and foreign net operating losses ("NOLs") Fair value of derivative financial instruments included in...

  • Page 78
    ... in fiscal 2012, 2011, and 2010, respectively. We maintain the Gap Inc. DCP, which allows eligible employees and non-employee directors to defer compensation up to a maximum amount. Plan investments are recorded at market value and are designated for the DCP. The fair value of the Company's DCP...

  • Page 79
    ... in the ordinary course of our business. Many of these Actions raise complex factual and legal issues and are subject to uncertainties. As of February 2, 2013, actions filed against us included commercial, intellectual property, customer, employment, and data privacy claims, including class action...

  • Page 80
    ... sales by brand, region, and reportable segment are as follows: ($ in millions) Fiscal 2012 Gap Old Navy Banana Republic Franchise (3) Other (4) Total Percentage of Net Sales U.S. (1) Canada Europe Asia Other regions Total Stores reportable segment Direct reportable segment (2) Total Sales growth...

  • Page 81
    ... financial instruments in an asset position and long-term deferred tax assets, by geographic location are as follows: ($ in millions) February 2, 2013 January 28, 2012 U.S. (1) Canada Total North America Other regions Total long-lived assets _____ (1) U.S. includes the United States and Puerto Rico...

  • Page 82
    ... center from which the products were shipped. Net sales by geographic location are as follows: ($ in millions) 2012 Fiscal Year 2011 2010 U.S. (1) Canada Total North America Other regions Total net sales _____ (1) U.S. includes the United States and Puerto Rico. $ $ 12,194 1,095 13,289 2,362...

  • Page 83
    ...Section 16(a) Beneficial Ownership Reporting Compliance" in the 2013 Proxy Statement. See also Part I, Item 1 in the section entitled "Executive Officers of the Registrant." The Company has adopted a code of ethics, our Code of Business Conduct, which applies to all employees including our principal...

  • Page 84
    ... and Related Transactions, and Director Independence. The information required by this item is incorporated herein by reference to the sections entitled "Other Information" and "Corporate Governance-Director Independence" in the 2013 Proxy Statement. Item 14. Principal Accounting Fees and Services...

  • Page 85
    ...Part II, Item 8 of this Form 10-K. Financial Statement Schedules: Schedules are included in the Consolidated Financial Statements or notes of this Form 10-K or are not required. Exhibits: The exhibits listed in the accompanying index to exhibits are filed or incorporated by reference as part of this...

  • Page 86
    ... Chief Financial Officer (Principal Financial and Accounting Officer) Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. Date: March 26, 2013...

  • Page 87
    ... Trust Company of California, filed as Exhibit 4 to Registrant's Form 10-Q for the quarter ended November 1, 1997, Commission File No. 1-7562. Indenture, dated November 21, 2001, between Registrant and The Bank of New York, filed as Exhibit 4.2 to Registrant's Annual Report on Form 10-K for the year...

  • Page 88
    ... ARRANGEMENTS 10.13 Executive Management Incentive Compensation Award Plan, filed as Appendix A to Registrant's definitive proxy statement for its annual meeting of stockholders held on May 18, 2010, Commission File No. 1-7562. The Gap, Inc. Executive Deferred Compensation Plan, filed as Exhibit 10...

  • Page 89
    ... 33-54686. 1996 Stock Option and Award Plan, filed as Exhibit A to Registrant's definitive proxy statement for its annual meeting of stockholders held on May 21, 1996, Commission File No. 1-7562. Amendment Number 1 to Registrant's 1996 Stock Option and Award Plan, filed as Exhibit 10.1 to Registrant...

  • Page 90
    ...'s 2002 Stock Option Plan, as amended, filed as Exhibit 4.7 to Registrant's Registration Statement on Form S-8, Commission File No. 333-72921. Non-Employee Director Retirement Plan, dated October 27, 1992, filed as Exhibit 10.43 to Registrant's Annual Report on Form 10-K for the year ended January...

  • Page 91
    ... Long-Term Incentive Plan, filed as Appendix A to Registrant's definitive proxy statement for its annual meeting of stockholders held on May 17, 2011, Commission File No. 1-7562. Form of Non-Qualified Stock Option Agreement for Executives under the 2006 Long-Term Incentive Plan, filed as Exhibit 10...

  • Page 92
    ...the quarter ended July 28, 2012, Commission File No. 1-7562. Form of Restricted Stock Unit Award Agreement under the 2011 Long-Term Incentive Plan. Form of Director Stock Unit Agreement and Stock Unit Deferral Election Form under the 2006 Long-Term Incentive Plan, filed as Exhibit 10.4 to Registrant...

  • Page 93
    ... 31, 2009, Commission File No. 1-7562. Amendment to Agreement with Eva Sage-Gavin dated November 4, 2011, and confirmed on January 3, 2012, filed as Exhibit 10.94 to Registrant's Form 10-K for the year ended January 28, 2012, Commission File No. 1-7562. Amendment to Post-Termination Benefits with...

  • Page 94
    ...Agreement with Tom Keiser dated November 4, 2011, and confirmed on December 7, 2011, filed as Exhibit 10.104 to Registrant's Form 10-K for the year ended January 28, 2012, Commission File No. 1-7562. Agreement for Post-Termination Benefits with Tom Keiser dated May 31, 2012, filed as Exhibit 10.3 to...

  • Page 95
    ... Financial Officer of The Gap, Inc. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 The following materials from The Gap, Inc.'s Annual Report on Form 10-K for the year ended February 2, 2013, formatted in XBRL (eXtensible Business Reporting...

  • Page 96
    [THIS PAGE INTENTIONALLY LEFT BLANK]

  • Page 97
    ..., Old Navy Art Peck President, Growth, Innovation and Digital Eva Sage-Gavin EVP, Global Human Resources and Corporate Affairs Sabrina Simmons EVP and Chief Financial Officer Steve Sunnucks Global President, Gap David Zoba SVP, Global Real Estate Corporate and Shareholder Information Gap Inc...

  • Page 98
    We are united by a common mission to be the world's favorite for American style.