ROSS STORES, INC. — Director's Dealing 2012

May 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROSS STORES INC (ROST)
CIK: 0000745732
Period of Report: 2012-04-30

Reporting Person: ORBAN GEORGE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-30	Common Stock	M	16000	$10.4475	Acquired	210222	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-30	Non Qualified Stock Options (right to buy)	$10.4475	M	16000	Disposed	2012-05-23	Common Stock (16000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	63700	Indirect
Common Stock	24500	Indirect
Common Stock	2376992	Indirect
Common Stock	63700	Indirect

Footnotes

F1: Securities held in the name of Anna Elise Orban Trust.

F2: Securities held by daughter Sophie under UGMA, with non-household member as custodian.

F3: Securities held in the name of Jeremy Gyuri Orban Trust.

F4: Grant to reporting person of an option which begins vesting six months from grant date ('Initial Vest Date'). On Initial Vest Date, grant vests and becomes exercisable as to 1/6 of shares granted and then vests and becomes exercisable as to 1/36 of shares granted per month thereafter.