PVH CORP. /DE/ — Director's Dealing 2006

Mar 28, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PHILLIPS VAN HEUSEN CORP /DE/ (PVH)
CIK: 0000078239
Period of Report: 2006-03-27

Reporting Person: Shaffer Michael A (Executive VP and CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-27	Options (Right to Buy)	$38.98	A	20000	Acquired	2016-03-26	Common Stock, $1 par value (20000)	Direct

Footnotes

F1: All options exercisable for shares of Issuer's Common Stock, $1 par value.

F2: Options to acquire 5,000 shares exercisable on each of 3/27/07, 3/27/08, 3/27/09 and 3/27/10.