PVH CORP. /DE/ — Director's Dealing 2010

Jun 1, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PHILLIPS VAN HEUSEN CORP /DE/ (PVH)
CIK: 0000078239
Period of Report: 2010-05-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-27	Common Stock, $1 par value	A	928	—	Acquired	28245	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-27	Option (Right to Buy)	$56.04	A	3500	Acquired	2020-05-27	Common Stock, $1 par value (3500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1 par value	6625.476	Indirect

Footnotes

F1: Represents shares subject to an award of restricted stock units. Each unit represents a contingent right to receive one share of Issuer's Common Stock. The units vest 25% (232 shares) on the second anniversary of grant, 25% (232 shares) on the third anniversary of grant and 50% (464 shares) on the fourth anniversary of grant. Vested shares are delivered as soon as practicable after they vest.

F2: Includes 4,629 shares of Common Stock owned outright and 23,616 shares of Common Stock subject to awards of restricted stock units.

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

F4: Options to acquire 875 shares become exercisable on each of 5/27/2011, 5/27/2012, 5/27/2013 and 5/27/2014.