RALPH LAUREN CORP — Director's Dealing 2015

Dec 22, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RALPH LAUREN CORP (RL)
CIK: 0001037038
Period of Report: 2015-12-21

Reporting Person: LAUREN RALPH (Director, Ex. Chair, Chief Creative Off., 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-21	Class A Common Stock	M	50000	$54.145	Acquired	501913.62	Direct
2015-12-21	Class A Common Stock	S	24996	$109.99	Disposed	476917.62	Direct
2015-12-21	Class A Common Stock	S	22969	$111.00	Disposed	453948.62	Direct
2015-12-21	Class A Common Stock	S	2035	$111.79	Disposed	451913.62	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-21	Class A Common Stock Option (Right to Buy)	$54.145	M	50000	Disposed	2016-07-16	Class A Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	35854	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person.

F2: The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $109.50 to $110.47. 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.

F3: The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $110.51 to $111.50. 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.

F4: The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $111.57 to $111.98. 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.

F5: These shares of Class A Common Stock are held by a revocable trust of which the reporting person is sole trustee and sole beneficiary.

F6: The options vested and became exercisable in three equal annual installments beginning on July 16, 2010. These options were scheduled to expire on July 16, 2016.