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

Jan 19, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PHILLIPS VAN HEUSEN CORP /DE/ (PVH)
CIK: 0000078239
Period of Report: 2006-01-17

Reporting Person: Shaffer Michael A (Executive VP, Finance)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-18	Common Stock, par value $1	M	5000	$12.34	Acquired	5000	Direct
2006-01-18	Common Stock, par value $1	M	2500	$19.10	Acquired	7500	Direct
2006-01-18	Common Stock, par value $1	S	100	$35.10	Disposed	7400	Direct
2006-01-18	Common Stock, par value $1	S	4400	$35.02	Disposed	3000	Direct
2006-01-18	Common Stock, par value $1	S	300	$35.00	Acquired	2700	Direct
2006-01-18	Common Stock, par value $	S	2700	$34.93	Acquired	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-17	Options (Right to Buy)	$35.63	A	20000	Acquired	2016-01-16	Common Stock, $1 par value (20000)	Direct
2006-01-18	Options (Right to Buy)	$12.34	M	5000	Acquired	2007-06-17	Common Stock, $1 par value (5000)	Direct
2006-01-18	Options (Right to Buy)	$19.10	M	2500	Acquired	2014-04-27	Common Stock, $1 par value (2500)	Direct

Footnotes

F1: Options to acquire 5,000 shares exercisable on each of 1/17/07, 1/17/08, 1/17/09, 1/17/10.

F2: Options to acquire 2,500 shares became exercisable on each of 4/2/04 and 4/2/05.

F3: Options to acquire 2,500 shares became exercisable on 4/27/05.