GAP INC

Ticker: GAP CUSIP: 364760108 Class: COM

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q2 2016

Shares 26,869 Value ($000) $570 Avg Close $15.10 Range $12.06 - $21.35

Q4 2015

Shares 38,074 Value ($000) $941 Avg Close $18.60 Range $17.12 - $20.36

Q3 2015

Shares 38,074 Value ($000) $1,085 Avg Close $23.79 Range $19.11 - $26.97

Q2 2015

Shares 41,059 Value ($000) $1,568 Avg Close $27.14 Range $25.78 - $29.73

Q1 2015

Shares 23,695 Value ($000) $1,027 Avg Close $28.49 Range $26.86 - $30.02

Q3 2014

Shares 8,406 Value ($000) $350 Avg Close $28.69 Range $26.37 - $31.70

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	26,869	$570	$15.10	$12.06 - $21.35
Q4 2015	38,074	$941	$18.60	$17.12 - $20.36
Q3 2015	38,074	$1,085	$23.79	$19.11 - $26.97
Q2 2015	41,059	$1,568	$27.14	$25.78 - $29.73
Q1 2015	23,695	$1,027	$28.49	$26.86 - $30.02
Q3 2014	8,406	$350	$28.69	$26.37 - $31.70