PVH CORP. /DE/ — Director's Dealing 2005

Jul 22, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PHILLIPS VAN HEUSEN CORP /DE/ (NYSE:PVH)
CIK: 0000078239
Period of Report: 2005-07-20

Reporting Person: APAX PARTNERS EUROPE MANAGERS LTD (10% Owner)
Reporting Person: Apax Europe V GP Co.LTD (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-07-20	Common Stock, par value $1.00 per Share	C	2100000	—	Acquired	14624073	Indirect
2005-07-20	Common Stock, par value $1.00 per Share	S	2100000	$31.276	Disposed	12524073	Indirect
2005-07-22	Common Stock, par value $1.00 per Share	C	957954	—	Acquired	12524073	Indirect
2005-07-22	Common Stock, par value $1.00 per Share	S	957954	$31.276	Disposed	11566119	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-07-20	Series B Convertible Pref. Stock, par value $100 per share	$0	C	1110.4973	Disposed		Common stock, par value $1.00 per share (2100000)	Indirect
2005-07-22	Series B Convertible Pref. Stock, par value $100 per share	$0	C	506.5742	Disposed		Common stock, par value $1.00 per share (957954)	Indirect

Footnotes

F1: These securities converted as indicated in Table II.

F2: The securities are directly owned by Apax Europe V-A, L.P., Apax Europe V-B, L.P., Apax Europe V C GmbH, Apax Europe V-D, L.P., Apax Europe V-E, L.P., Apax Europe V-F, C.V., Apax Europe V-G, C.V., Apax Europe V-1, L.P. and Apax Europe V-2, L.P. (together, the Europe V Funds). The statement is being filed by Apax Partners Europe Managers Limited ("Apax Europe Managers") and Apax Europe V GP Co. ("Apax Europe V GP"). Apax Europe Managers serves as the discretionary investment manager of the Europe V Funds and Apax Europe V GP serves as the general partner of the general partner of the Europe V Funds. Each of Apax Europe Managers and Apax Europe V GP disclaim beneficial ownership of the securities reported herein except to the extent of its pecuniary interest.

F3: In accordance with the certificate of designations governing the Series B Convertible Preferred Stock, each share of Series B Convertible Preferred Stock converts into the number of shares of Common Stock equal to liquidation preference of such share of Series B Convertible Preferred Stock divided by the conversion price.

F4: These securities were immediately exercisable.

F5: Not applicable.