RALPH LAUREN CORP — Director's Dealing 2015

May 22, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RALPH LAUREN CORP (RL)
CIK: 0001037038
Period of Report: 2015-05-20

Reporting Person: LAUREN RALPH (Director, Chairman & CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-20	Class A Common Stock	M	75761	$43.035	Acquired	550943.03	Direct
2015-05-20	Class A Common Stock	S	75761	$131.79	Disposed	475182.03	Direct
2015-05-21	Class A Common Stock	M	74239	$43.035	Acquired	549421.03	Direct
2015-05-21	Class A Common Stock	M	100000	$57.755	Acquired	649421.03	Direct
2015-05-21	Class A Common Stock	S	169634	$131.45	Disposed	479787.03	Direct
2015-05-21	Class A Common Stock	S	4605	$131.73	Disposed	475182.03	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-20	Class A Common Stock Option (Right to Buy)	$43.035	M	75761	Disposed	2015-06-15	Class A Common Stock (75761)	Direct
2015-05-21	Class A Common Stock Option (Right to Buy)	$43.035	M	74239	Disposed	2015-06-15	Class A Common Stock (74239)	Direct
2015-05-21	Class A Common Stock Option (Right to Buy)	$57.755	M	100000	Disposed	2015-07-14	Class A Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	35854	Indirect

Footnotes

F1: The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $131.39 to $132.30. 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 $130.71 to $131.70. 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 price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $131.71 to $131.77. 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: These shares of Class A Common Stock are held by a revocable trust of which the reporting person is sole trustee and sole beneficiary.

F5: The options vested and became exercisable in three equal annual installments beginning on June 15, 2006. These options were scheduled to expire on June 15, 2015.

F6: The options vested and became exercisable in three equal annual installments beginning on July 14, 2009. These options were scheduled to expire on July 14, 2015.