Ownership Submission
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
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)
RALPH LAUREN CORPORATION, 650 MADISON AVE		 3. Date of Earliest Transaction (Month/Day/Year)
12/19/2011
(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

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 B Common Stock (1)               (1)   (1) Class A Common Stock 13,249,003   13,249,003 (2) D  
Class B Common Stock (1) 12/19/2011   G V   826,640   (1)   (1) Class A Common Stock 826,640 $ 0 2,616,637 (3) I By GRATs
Class B Common Stock (1)               (1)   (1) Class A Common Stock 1,460,397   1,460,397 I By Wife
Class B Common Stock (1)               (1)   (1) Class A Common Stock 810,043   810,043 I By Wife's GRATs
Class B Common Stock (1)               (1)   (1) Class A Common Stock 120,365   120,365 I By Trust (4)
Class B Common Stock (1)               (1)   (1) Class A Common Stock 58,317   58,317 I By Trust (5)

Reporting Owners

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

Signatures

 /s/ Yen D. Chu, Attorney-in-Fact   12/20/2011
**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 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.
(2) Reflects a distribution on December 19, 2011 to the reporting person of 98,728 shares of Class B Common Stock from a grantor retained annuity trust of which the reporting person is the investment trustee and a distribution on December 19, 2011 to the reporting person of 155,408 shares of Class B Common Stock from a terminating grantor retained annuity trust of which the reporting person was the investment trustee.
(3) Reflects a gift on December 19, 2011 to a successor trust for the benefit of the issue of the reporting person and for various trusts of which the reporting person is a grantor of 826,640 shares of Class B Common Stock from a terminating grantor retained annuity trust of which the reporting person was the investment trustee. Neither the reporting person nor the reporting person's wife is a trustee of such successor trust. In addition, this aggregate amount also reflects distributions described in footnote 2 above.
(4) These shares of Class B Common Stock are held by a successor trust of which the reporting person is the investment trustee.
(5) These shares of Class B Common Stock are held by a successor trust of which the reporting person's wife is the investment trustee.

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