SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SHATTUCK MAYO A III

(Last) (First) (Middle)
BALTIMOR GAS & ELECTRIC CO
P.O. BOX 1475

(Street)
BALTIMORE MD 21203

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GAP INC [ GPS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/08/2004
4. If Amendment, Date of Original Filed (Month/Day/Year)
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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
COMMON STOCK 03/08/2004 M 2,297 A $3.05 2,297 D
COMMON STOCK 03/08/2004 M 1,830 A $4.46 4,127 D
COMMON STOCK 03/08/2004 M 937 A $4.47 5,064 D
COMMON STOCK 03/08/2004 M 1,053 A $2.85 6,117 D
COMMON STOCK 03/08/2004 M 1,666 A $4.1 7,783 D
COMMON STOCK 03/08/2004 M 937 A $5.17 8,720 D
COMMON STOCK 03/08/2004 M 1,730 A $3.66 10,450 D
COMMON STOCK 03/08/2004 M 1,779 A $4.78 12,229 D
COMMON STOCK 03/08/2004 M 2,090 A $4.63 14,319 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
STOCK OPTION (RIGHT TO BUY) $3.05 03/08/2004 M 2,297 11/01/2002 11/01/2009 COMMON STOCK 2,297 $0 0 D
STOCK OPTION (RIGHT TO BUY) $4.46 03/08/2004 M 1,830 08/01/2003 08/01/2013 COMMON STOCK 1,830 $0 0 D
STOCK OPTION (RIGHT TO BUY) $4.47 03/08/2004 M 937 02/01/2002 02/01/2009 COMMON STOCK 937 $0 0 D
STOCK OPTION (RIGHT TO BUY) $2.85 03/08/2004 M 1,053 08/02/2002 08/02/2009 COMMON STOCK 1,053 $0 0 D
STOCK OPTION (RIGHT TO BUY) $4.1 03/08/2004 M 1,666 05/02/2003 05/02/2010 COMMON STOCK 1,666 $0 0 D
STOCK OPTION (RIGHT TO BUY) $5.17 03/08/2004 M 937 05/03/2002 05/03/2009 COMMON STOCK 937 $0 0 D
STOCK OPTION (RIGHT TO BUY) $3.66 03/08/2004 M 1,730 01/31/2003 01/31/2010 COMMON STOCK 1,730 $0 0 D
STOCK OPTION (RIGHT TO BUY) $4.78 03/08/2004 M 1,779 10/31/2003 10/31/2013 COMMON STOCK 1,779 $0 0 D
STOCK OPTION (RIGHT TO BUY) $4.63 03/08/2004 M 2,090 01/30/2004 01/30/2011 COMMON STOCK 2,090 $0 0 D
Explanation of Responses:
THOMAS J. LIMA, BY POWER OF ATTORNEY 03/10/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.