Childrens Place, Inc. — Director's Dealing 2012

May 1, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHILDRENS PLACE RETAIL STORES INC (PLCE)
CIK: 0001041859
Period of Report: 2012-05-01

Reporting Person: MCANDREW JASON JEFFREY (SVP, Planning & Allocation)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-01	Common Stock, par value $0.10 per share	A	7200	—	Acquired	7200	Direct

Footnotes

F1: Represents shares of Common Stock, par value $0.10 per share, of The Children's Place Retail Stores, Inc. (the "Company"), underlying time restricted stock units granted under the Company's 2011 Equity Incentive Plan (the "Plan") on May 1, 2012, one-third of which are deliverable to Mr. McAndrew on each of the first, second and third anniversaries of the date of grant provided Mr. McAndrew is employed by the Company on the respective vesting dates, subject to the terms and conditions of the Plan.