GAP INC

Ticker: GAP CUSIP: 364760108 Class: COM

KINGDON CAPITAL MANAGEMENT, L.L.C.'s Holding History (CIK: 0001000097)

Note: Option positions (PUT/CALL) are excluded.

Q2 2014

Shares 195,000 Value ($000) $8,106 Avg Close $27.23 Range $24.90 - $28.59

Q1 2014

Shares 593,570 Value ($000) $23,778 Avg Close $27.08 Range $24.48 - $29.85

Q2 2013

Shares 79,190 Value ($000) $3,305 Avg Close $26.00 Range $23.09 - $28.04

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	195,000	$8,106	$27.23	$24.90 - $28.59
Q1 2014	593,570	$23,778	$27.08	$24.48 - $29.85
Q2 2013	79,190	$3,305	$26.00	$23.09 - $28.04