RALPH LAUREN CORP — Director's Dealing 2014

May 13, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RALPH LAUREN CORP (RL)
CIK: 0001037038
Period of Report: 2014-05-12

Reporting Person: FARAH ROGER N (Director, Executive Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-12	Class A Common Stock	M	24580	$134.53	Acquired	130463.29	Direct
2014-05-12	Class A Common Stock	S	26200	$147.43	Disposed	104263.29	Direct
2014-05-12	Class A Common Stock	S	16311	$148.24	Disposed	87952.29	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-12	Class A Common Stock Option (Right to Buy)	$134.53	M	24580	Disposed	2018-07-15	Class A Common Stock (24580)	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 $146.78 to $147.76. Upon request of the SEC staff, 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 $147.81 to $148.64. 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: These options vested one-third on July 15, 2012, one-third on March 30, 2013 and one-third on March 30, 2013; however, the last one-third was not exercisable until March 29, 2014.