RALPH LAUREN CORP — Director's Dealing 2010

Feb 11, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLO RALPH LAUREN CORP (RL)
CIK: 0001037038
Period of Report: 2010-02-09

Reporting Person: FLEISHMAN JOEL LAWRENCE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-09	Class A Common Stock	M	3000	$19.5625	Acquired	18854	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-09	Non-Employee Stock Option (right to buy)	$19.5625	M	3000	Disposed	2010-04-01	Class A Common Stock (3000)	Direct

Footnotes

F1: Of the total amount of shares of Class A Common Stock beneficially owned by the reporting person, 4,000 shares are held indirectly in retirement accounts.

F2: 3,000 options to purchase Class A Common Stock were granted on 4/1/2000 under the 1997 Stock Option Plan For Non-Employee Directors. These options vested and became exercisable in two equal annual installments beginning April 1, 2001.