Childrens Place, Inc. — Director's Dealing 2012

May 11, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHILDRENS PLACE RETAIL STORES INC (PLCE)
CIK: 0001041859
Period of Report: 2012-05-10

Reporting Person: ALUTTO JOSEPH A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-10	Common Stock, par value $0.10 per share	A	423	$45.51	Acquired	17973	Direct

Footnotes

F1: Shares acquired pursuant to deferral elections made by the reporting person on December 8, 2011 pursuant to The Children's Place Retail Stores, Inc. Nonqualified Deferred Compensation Plan.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.50 to $45.51, inclusive. The reporting person undertakes to provide to The Children's Place Retail Stores, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.