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: 2010-03-17

Reporting Person: Nemerov Jackwyn (Director, Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-17	Class A Common Stock	M	74587	$36.96	Acquired	82464	Direct
2010-03-17	Class A Common Stock	S	74587	$82.11	Disposed	7877	Direct
2010-03-18	Class A Common Stock	M	25413	$36.96	Acquired	33290	Direct
2010-03-18	Class A Common Stock	S	25413	$82.47	Disposed	7877	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-17	Class A Common Stock option (Right to Buy)	$36.96	M	74587	Disposed	2014-10-01	Class A Common Stock (74587)	Direct
2010-03-18	Class A Common Stock Option (Right to Buy)	$36.96	M	25413	Disposed	2014-10-01	Class A Common Stock (25413)	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 $82.00 to $82.42. 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 price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $82.00 to $82.86. Upon request of the SEC staff, 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.

F3: The options vested and became exercisable in three equal annual installments beginning on October 1, 2005.