Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  HANSEN MARKA
 2. Date of Event Requiring Statement (Month/Day/Year)
02/01/2007		 3. Issuer Name and Ticker or Trading Symbol
GAP INC [GPS]
(Last)
(First)
(Middle)
C/O GAP INC., 2 FOLSOM		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President, Gap North America
 5. If Amendment, Date Original Filed(Month/Day/Year)
02/09/2007
(Street)

SAN FRANCISCO, CA 94105		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 9,436.9524
D
 
Common Stock 43,921
I
By Joseph F. Brubaker & Marka V. Hansen Family Trust
Common Stock 3,350
I
By Son
Common Stock 3,320.2624
I
By 401(K) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy)   (1) 03/31/2008 Common Stock 22,500 $ 15.1562 D  
Stock Option (Right to Buy)   (1) 03/31/2008 Common Stock 84,375 $ 20.2083 D  
Stock Option (Right to Buy)   (1) 10/28/2008 Common Stock 22,500 $ 24.3611 D  
Stock Option (Right to Buy)   (1) 03/29/2009 Common Stock 30,000 $ 44.4375 D  
Stock Option (Right to Buy)   (1) 04/10/2010 Common Stock 50,000 $ 45.5625 D  
Stock Option (Right to Buy)   (1) 10/30/2010 Common Stock 80,000 $ 23.3125 D  
Stock Option (Right to Buy)   (1) 10/19/2011 Common Stock 162,000 $ 14.27 D  
Stock Option (Right to Buy)   (2) 03/07/2013 Common Stock 115,000 $ 12.87 D  
Stock Option (Right to Buy)   (5) 06/03/2013 Common Stock 375,000 $ 17.46 D  
Stock Option (Right to Buy)   (4) 03/23/2014 Common Stock 200,000 $ 20.48 D  
Stock Option (Right to Buy)   (1) 03/11/2015 Common Stock 130,000 $ 22.42 D  
Stock Option (Right to Buy)   (1) 04/02/2011 Common Stock 2,500 $ 17.62 D  
Stock Option (Right to Buy)   (3) 03/13/2016 Common Stock 130,000 $ 17.84 D  
Stock Option (Right to Buy)   (1) 10/02/2008 Common Stock 2,250 $ 21.1388 D  
Stock Option (Right to Buy)   (1) 04/08/2012 Common Stock 50,000 $ 15.42 D  
Stock Option (Right to Buy)   (1) 03/11/2015 Common Stock 20,000 $ 22.42 D  
Performance Unit   (6)   (6) Common Stock 50,000 $ (7) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HANSEN MARKA
C/O GAP INC.
2 FOLSOM
SAN FRANCISCO, CA 94105		       President, Gap North America  

Signatures

/s/ Ingrid Freire, Power of Attorney 02/16/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) These shares are fully vested and exercisable.
(2) These shares become exercisable in four equal annual installments beginning March 7, 2004.
(3) These shares become exercisable in four equal annual installments beginning March 13, 2007.
(4) These shares become exercisable in four equal annual installments beginning March 23, 2005.
(5) 50,000 shares vested on June 3, 2004, 75,000 shares vested on June 3, 2005 and 125,000 shares vested on June 3, 3006. The remaining shares become exercisable on June 3, 2007.
(6) Subject to continued employment and the attainment of Gap Inc. cumulative earnings targets (as defined in and determined under the 2006 Long Term Incentive Plan, as amended) for the period beginning on January 29, 2006 and ending on February 2, 2008, the option will vest in two equal annual installments beginning April 24, 2008.
(7) Each performance unit represents a contingent right to receive one share of Gap Inc. common stock.

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