FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * LAUREN RALPH   2. Issuer Name and Ticker or Trading Symbol POLO RALPH LAUREN CORP [RL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman & CEO (Last) (First) (Middle) 650 MADISON AVE 3. Date of Earliest Transaction (Month/Day/Year) 04/15/2010 (Street) NEW YORK, NY 10022 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 04/15/2010   M   20,833 A $ 26.705 538,162.34 D   Class A Common Stock 04/15/2010   C   100,000 A $ 0 638,162.34 D   Class A Common Stock 04/15/2010   S(1)   119,833 D $ 90.49 (2) 518,329.34 D   Class A Common Stock 04/15/2010   S(1)   1,000 D $ 91.11 517,329.34 D   Class A Common Stock 04/16/2010   A   534.37 A (3) 517,863.71 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Underlying Securities (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class A Common Stock Option (Right to Buy)	$ 26.705	04/15/2010		M			20,833	(4)	06/19/2011	Class A Common Stock	20,833	$ 0	166,668	D
Class B Common Stock	$ 0	04/15/2010		C			100,000	(5)	(5)	Class A Common Stock	100,000	$ 0	22,875,767	D
Class B Common Stock	(5)							(5)	(5)	Class A Common Stock	5,085,623		5,085,623	I	By GRATs
Class B Common Stock	(5)	04/15/2010		J(6)			995,080	(5)	(5)	Class A Common Stock	995,080	$ 0	0	I	By Wife's GRAT (6)
Class B Common Stock	(5)							(5)	(5)	Class A Common Stock	1,955,568		1,955,568 (6)	I	By Wife's GRATs
Class B Common Stock	(5)							(5)	(5)	Class A Common Stock	494,809		494,809 (7)	I	By Wife

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
LAUREN RALPH 650 MADISON AVE NEW YORK, NY 10022	X	X	Chairman & CEO

Signatures

Yen D. Chu, Attorney-in-Fact		04/19/2010
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person in connection with his individual long-term strategy for estate planning.
(2)	The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $89.97 to $90.92. 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.
(3)	Represents restricted stock units payable as a result of the payment of a cash dividend on the Issuer's Class A Common Stock. The restricted stock units are payable solely in shares of the Issuer's Class A Common Stock issued to the reporting person in respect of restricted stock units previously granted under the Issuer's 1997 Long-Term Stock Incentive Plan.
(4)	The options vested and became exercisable in three equal annual installments beginning on June 19, 2002. These options are scheduled to expire on June 19, 2011.
(5)	The reporting person has the right, at his option, at any time and from time to time, to convert shares of Class B Common Stock into Class A Common Stock on a one-for-one basis.
(6)	Reflects a distribution on April 15, 2010 of shares of Class B Common Stock upon the termination of one of the reporting person's wife's grantor retained annuity trusts to a successor trust for the benefit of the issue of the reporting person's wife and for various trusts of which the reporting person's wife is a grantor. The reporting person's wife was a trustee of the terminating grantor retained annuity trust. The reporting person and his wife are not trustees of the successor trust.
(7)	Reflects a distribution on April 15, 2010 to the reporting person's wife of 261,595 shares of Class B Common Stock from a grantor retained annuity trust of the reporting person's wife, of which she is a trustee.

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