PVH CORP. /DE/ — Director's Dealing 2007

Apr 9, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PHILLIPS VAN HEUSEN CORP /DE/ (PVH)
CIK: 0000078239
Period of Report: 2007-04-05

Reporting Person: DUANE FRANCIS K (Vice Chairman, Sportswear)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-05	Common Stock, $1 par value	A	6000	—	Acquired	28500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-05	Option (Right to Buy)	$58.60	A	24000	Acquired	2017-04-04	Common Stock, $1 par value (24000)	Direct

Footnotes

F1: Reporting person received an award of 6,000 restricted stock units that entitles him to receive 6,000 shares of Issuer's Common Stock, subject to vesting requirements. The units vest 25% (1,500 shares) on the second anniversary of grant, 25% (1,500 shares) on the third anniversary of grant and 50% (3,000 shares) on the fourth anniversary of grant. Vested shares are delivered as soon as practicable after they vest.

F2: Includes 22,500 shares of Issuer's Common Stock owned outright by reporting person.

F3: All options exercisable for shares of Issuer's Common Stock, $1 par value.

F4: Options to acquire 6,000 shares become exercisable on each of 4/05/08, 4/05/09, 4/05/10 and 4/05/11.