PVH CORP. /DE/ — Director's Dealing 2004

Apr 14, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PHILLIPS VAN HEUSEN CORP /DE/ (PVH)
CIK: 0000078239
Period of Report: 1987-09-10

Reporting Person: KLATSKY BRUCE J (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-12	Common Stock, par value $1	F	3041	$18.75	Disposed	54070	Direct
2004-04-12	Common Stock, par value $1	M	4655	$12.25	Acquired	58725	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-12	Option (Right to Buy)	$12.25	M	4655	Acquired	2004-06-14	Common Stock, $1 par value (4655)	Direct
2004-04-12	Option (Right to Buy)	$18.75	A	84700	Acquired	2011-04-11	Common Stock, $1 par value (84700)	Direct
2004-04-12	Option (Right to Buy)	$18.75	A	155360	Acquired	2011-04-11	Common Stock, $1 par value. (155360)	Direct
2004-04-12	Option (Right to Buy)	$18.75	A	1509940	Acquired	2011-04-11	Common Stock, $1 par value (1509940)	Direct

Footnotes

F1: Reporting person surrenders shares of Issuer's Common Stock to pay exercise price for options exercisable.

F2: Options to acquire 1,551 shares became exercisable on 07/10/1997 and options to acquire 1,552 shares became exercisable on each of 06/14/1998 and 06/14/1999.

F3: Options to acquire 50% of shares exercisable if the closing price of Issuer's Common Stock averages $22.50 or higher for any 20 consecutive trading days prior to 04/11/2011. Options to acquire an additional 25% of shares exercisable if the closing price of Issuer's Common Stock averages $25.00 or higher for any 20 consecutive trading days prior to 04/11/2011. Options to acquire the remaining 25% of shares exercisable if the closing price of Issuer's Common Stock averages $27.50 or higher for any 20 consecutive trading days prior to 04/11/2011.

F4: Options to purchase 309,940 of such shares subject to stockholder approval of an amdendment to Issuer's 2003 stock option plan.