RALPH LAUREN CORP — Director's Dealing 2010

Mar 18, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLO RALPH LAUREN CORP (RL)
CIK: 0001037038
Period of Report: 2010-03-18

Reporting Person: TRAVIS TRACEY THOMAS (Senior Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-18	Class A Common Stock	M	30000	$38.61	Acquired	30000	Direct
2010-03-18	Class A Common Stock	S	30000	$82.74	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-18	Class A Common Stock Option (Right to Buy)	$38.61	M	30000	Disposed	2015-04-01	Class A Common Stock (30000)	Direct

Footnotes

F1: The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $82.57 to $82.90. Upon request of the SEC staff, Polo Ralph Lauren Corporation (the "Company") or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold at each separate price.

F2: The options vested and became exercisable in three equal annual installments beginning on April 1, 2006.