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<SEC-DOCUMENT>0000078239-07-000022.txt : 20070516
<SEC-HEADER>0000078239-07-000022.hdr.sgml : 20070516
<ACCEPTANCE-DATETIME>20070516140715
ACCESSION NUMBER:		0000078239-07-000022
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20070516
DATE AS OF CHANGE:		20070516
EFFECTIVENESS DATE:		20070516

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PHILLIPS VAN HEUSEN CORP /DE/
		CENTRAL INDEX KEY:			0000078239
		STANDARD INDUSTRIAL CLASSIFICATION:	MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS [2320]
		IRS NUMBER:				131166910
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07572
		FILM NUMBER:		07857125

	BUSINESS ADDRESS:	
		STREET 1:		200 MADISON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
		BUSINESS PHONE:		2123813500

	MAIL ADDRESS:	
		STREET 1:		200 MADISON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>proxystatementamend51607.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Proxy Statement</TITLE>
<META NAME="date" CONTENT="05/16/2007">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:493.9pt"><P style="line-height:16pt; margin:0pt; font-size:14pt" align=center><B>SCHEDULE 14A</B></P>
<P style="line-height:16pt; margin-top:0pt; margin-bottom:7pt; font-size:14pt" align=center><B>(Rule 14a-101)</B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>INFORMATION REQUIRED IN PROXY STATEMENT</B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>SCHEDULE 14A INFORMATION</B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>Proxy Statement Pursuant to Section 14(a) of the Securities</B></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:12pt; font-size:12pt" align=center><B>Exchange Act of 1934 (Amendment No. &nbsp;&nbsp;)</B></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=0.9></TD><TD width=26.5></TD><TD width=0.5></TD><TD width=0.7></TD><TD width=452></TD><TD width=0.15></TD><TD width=1.65></TD></TR>
<TR><TD valign=top width=643.2 colspan=7><P style="line-height:normal; margin:0pt; font-size:12pt">Filed by the Registrant <FONT FACE="Wingdings">x</FONT></P>
<P style="line-height:normal; margin:0pt; font-size:12pt">Filed by a Party other than the Registrant <FONT FACE="Wingdings">o</FONT></P>
</TD></TR>
<TR><TD valign=top width=643.2 colspan=7><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=643.2 colspan=7><P style="line-height:14pt; margin:0pt; font-size:12pt">Check the appropriate box:</P>
</TD></TR>
<TR><TD valign=top width=38.133 colspan=4><P style="line-height:13pt; margin:0pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">o</FONT><FONT FACE="Times New Roman"> </FONT></P>
</TD><TD valign=top width=605.067 colspan=3><P style="line-height:14pt; margin:0pt; font-size:12pt"><FONT FACE="Times New Roman">Preliminary Proxy Statement</FONT></P>
</TD></TR>
<TR><TD valign=top width=38.133 colspan=4><P style="line-height:13pt; margin:0pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">o</FONT></P>
</TD><TD valign=top width=605.067 colspan=3><P style="line-height:14pt; margin:0pt; font-size:12pt"><FONT FACE="Times New Roman"><B>Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</B></FONT></P>
</TD></TR>
<TR><TD valign=top width=38.133 colspan=4><P style="line-height:13pt; margin:0pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">o</FONT></P>
</TD><TD valign=top width=605.067 colspan=3><P style="line-height:14pt; margin:0pt; font-size:12pt"><FONT FACE="Times New Roman">Definitive Proxy Statement</FONT></P>
</TD></TR>
<TR><TD valign=top width=38.133 colspan=4><P style="line-height:13pt; margin:0pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">x</FONT></P>
</TD><TD valign=top width=605.067 colspan=3><P style="line-height:14pt; margin:0pt; font-size:12pt"><FONT FACE="Times New Roman">Definitive Additional Materials</FONT></P>
</TD></TR>
<TR><TD valign=top width=38.133 colspan=4><P style="line-height:13pt; margin:0pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">o</FONT></P>
</TD><TD valign=top width=605.067 colspan=3><P style="line-height:14pt; margin:0pt; font-size:12pt"><FONT FACE="Times New Roman">Soliciting Material Under Rule 14a-12</FONT></P>
</TD></TR>
<TR><TD valign=top width=1.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=642 colspan=6><P style="margin-top:5pt; margin-bottom:0pt" align=center>PHILLIPS-VAN HEUSEN CORPORATION</P>
</TD></TR>
<TR><TD valign=top width=1.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=642 colspan=6><P style="margin-top:0pt; margin-bottom:5pt" align=center>(Name of Registrant as Specified in Its Charter)</P>
</TD></TR>
<TR><TD valign=top width=643.2 colspan=7><P style="margin:0pt; text-indent:87.6pt">(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)</P>
<P style="line-height:6pt; margin:0pt"><BR></P>
<P style="margin:0pt">Payment of Filing Fee (Check the appropriate box):</P>
</TD></TR>
<TR><TD valign=top width=36.533 colspan=2><P style="line-height:13pt; margin:0pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">x</FONT></P>
</TD><TD valign=top width=606.667 colspan=5><P style="margin:0pt"><FONT FACE="Times New Roman">No fee required.</FONT></P>
</TD></TR>
<TR><TD valign=top width=36.533 colspan=2><P style="line-height:13pt; margin:0pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">o</FONT></P>
</TD><TD valign=top width=606.667 colspan=5><P style="margin:0pt"><FONT FACE="Times New Roman">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</FONT></P>
</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=643.2 colspan=7><P style="margin:0pt">&nbsp;(1) &nbsp;Title of each class of securities to which transaction applies:</P>
</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=643.2 colspan=7><P style="margin:0pt">&nbsp;(2) &nbsp;Aggregate number of securities to which transaction applies:</P>
</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=643.2 colspan=7><P style="margin:0pt">&nbsp;(3) &nbsp;Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth &nbsp;the amount on which the filing fee is calculated and state how it was determined):</P>
</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=643.2 colspan=7><P style="margin:0pt">&nbsp;(4) &nbsp;Proposed maximum aggregate value of transaction:</P>
</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=643.2 colspan=7><P style="margin:0pt">&nbsp;(5) &nbsp;Total fee paid:</P>
</TD></TR>
<TR><TD valign=top width=37.2 colspan=3><P style="line-height:normal; margin:0pt; font-family:Wingdings; font-size:11pt" align=justify><FONT FACE="Wingdings">o</FONT><FONT FACE="Times New Roman"> </FONT></P>
</TD><TD valign=top width=606 colspan=4><P style="margin:0pt" align=justify><FONT FACE="Times New Roman">Fee paid previously with preliminary materials:</FONT></P>
</TD></TR>
<TR><TD valign=top width=37.2 colspan=3><P style="line-height:13pt; margin:0pt; font-family:Wingdings; font-size:11pt" align=justify><FONT FACE="Wingdings">o</FONT></P>
</TD><TD valign=top width=606 colspan=4><P style="margin:0pt" align=justify><FONT FACE="Times New Roman">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. &nbsp;Identify the previous filing by registration statement number, or the form or schedule and the date of its filing.</FONT></P>
</TD></TR>
<TR><TD style="border-top:0.5pt solid #000000" valign=top width=643.2 colspan=7><P style="margin:0pt">(1) &nbsp;Amount previously paid:</P>
</TD></TR>
<TR><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=643.2 colspan=7><P style="margin:0pt">(2) &nbsp;Form, Schedule or Registration Statement No.:</P>
</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=643.2 colspan=7><P style="margin:0pt">(3) &nbsp;Filing Party:</P>
</TD></TR>
<TR><TD valign=top width=643.2 colspan=7><P style="margin:0pt">(4) &nbsp;Date Filed:</P>
</TD></TR>
</TABLE>
<P style="margin-top:10pt; margin-bottom:0pt" align=center><BR></P>
<P style="margin-top:10pt; margin-bottom:0pt" align=center><BR>
<BR></P>
<P style="margin:0pt; page-break-before:always"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="margin-top:10pt; margin-bottom:0pt; padding-right:-4pt" align=center><B>PHILLIPS-VAN HEUSEN CORPORATION</B></P>
<P style="margin:0pt" align=center><B>_______________</B></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><B>SUPPLEMENT TO</B></P>
<P style="margin:0pt" align=center><B>PROXY STATEMENT FOR ANNUAL MEETING OF STOCKHOLDERS</B></P>
<P style="margin-top:0pt; margin-bottom:10pt" align=center><B>_______________</B></P>
<P style="margin:0pt" align=center>May 16, 2007</P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt">Dear Stockholder: </P>
<P style="margin-top:0pt; margin-bottom:10pt; text-indent:22.3pt">This document is a supplement to our Proxy Statement furnished to you in connection with the Annual Meeting of Stockholders of Phillips-Van Heusen Corporation, which will be held at The Graduate Center - City University of New York, 365 Fifth Avenue, Proshansky Auditorium, Concourse Level, New&nbsp;York, New York, on Tuesday, June 19, 2007, at 10:00 a.m.</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-right:0.5pt" align=center><B>EXPLANATORY STATEMENT</B></P>
<P style="margin:0pt; text-indent:22.5pt">We are sending you this supplement because the &#147;Director Compensation&#148; table on page 40 of our definitive proxy statement, originally filed with the Securities and Exchange Commission on May 9, 2007, was inadvertently missing the line for Henry Nasella as a result of a word processing error. &nbsp;The corrected table, as well as the footnotes to the table (which have not changed), are set forth below (and continued on the reverse side).</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt; padding-left:252pt; text-indent:36pt">MARK D. FISCHER</P>
<P style="margin:0pt; padding-right:22.3pt; text-indent:288pt"><I>Secretary</I></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-right:0.5pt" align=center><B>DIRECTOR COMPENSATION</B></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=117></TD><TD width=94.5></TD><TD width=11.8></TD><TD width=96.2></TD><TD width=11.8></TD><TD width=82.7></TD><TD width=13.5></TD><TD width=85.5></TD></TR>
<TR><TD valign=bottom width=156><P style="margin:0pt; padding-right:-45.2pt" align=justify><B><U>Name </U></B></P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=top width=126><P style="margin:0pt; padding-left:-7.2pt; padding-right:-5.4pt" align=center><B>Fees Earned or</B></P>
<P style="margin:0pt; padding-left:-7.2pt; padding-right:-5.4pt" align=center><B>Paid in Cash</B></P>
<P style="margin:0pt; padding-left:-7.2pt; padding-right:-5.4pt" align=center><B>($)</B></P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:0.5pt solid #000000" valign=top width=128.267><P style="margin:0pt" align=center><BR></P>
<P style="line-height:normal; margin:0pt; padding-right:-5.4pt" align=center><B>Option Awards</B><SMALL>(1)(2)(3)</SMALL></P>
<P style="margin:0pt; padding-right:-5.4pt" align=center><B>($)</B></P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:0.5pt solid #000000" valign=top width=110.267><P style="margin:0pt; padding-left:-5.4pt; padding-right:-5.4pt" align=center><B>All Other Compensation</B></P>
<P style="margin:0pt; padding-left:-5.4pt; padding-right:-5.4pt" align=center><B>($)</B></P>
</TD><TD valign=top width=18><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:0.5pt solid #000000" valign=top width=114><P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt; padding-left:3.6pt; padding-right:-3.6pt; text-indent:-3.6pt" align=center><B>Total</B></P>
<P style="margin:0pt; padding-left:3.6pt; padding-right:-3.6pt; text-indent:-3.6pt" align=center><B>($)</B></P>
</TD></TR>
<TR><TD valign=top width=156><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=126><P style="margin:0pt"><BR></P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=128.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=110.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=18><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=114><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Edward H. Cohen</P>
</TD><TD valign=top width=126><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:29.55pt">86,500</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=128.267><P style="margin:0pt; text-indent:26.8pt">142,600</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=110.267><P style="margin:0pt; padding-right:21.6pt" align=right>0</P>
</TD><TD valign=top width=18><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=114><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:24.55pt">229,100</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Joseph B. Fuller</P>
</TD><TD valign=top width=126><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:29.55pt">55,500</P>
</TD><TD valign=top width=15.733><P style="margin:0pt"><BR></P>
</TD><TD valign=bottom width=128.267><P style="margin:0pt; text-indent:31.8pt">74,049</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=110.267><P style="margin:0pt; padding-right:21.6pt" align=right>0</P>
</TD><TD valign=top width=18><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=114><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:24.55pt">129,549</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Joel H. Goldberg</P>
</TD><TD valign=top width=126><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:29.55pt">42,500</P>
</TD><TD valign=top width=15.733><P style="margin:0pt"><BR></P>
</TD><TD valign=bottom width=128.267><P style="margin:0pt; text-indent:26.8pt">204,962</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=110.267><P style="margin:0pt; padding-right:21.6pt" align=right>0</P>
</TD><TD valign=top width=18><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=114><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:24.55pt">247,462</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Marc Grosman</P>
</TD><TD valign=top width=126><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:29.55pt">48,000</P>
</TD><TD valign=top width=15.733><P style="margin:0pt"><BR></P>
</TD><TD valign=bottom width=128.267><P style="margin:0pt; text-indent:31.8pt">74,049</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=110.267><P style="margin:0pt; padding-right:21.6pt" align=right>0</P>
</TD><TD valign=top width=18><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=114><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:24.55pt">122,049</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Margaret L. Jenkins</P>
</TD><TD valign=top width=126><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:29.55pt">11,500</P>
</TD><TD valign=top width=15.733><P style="margin:0pt"><BR></P>
</TD><TD valign=bottom width=128.267><P style="margin:0pt; text-indent:31.8pt">15,176</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=110.267><P style="margin:0pt; padding-right:21.6pt" align=right>0</P>
</TD><TD valign=top width=18><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=114><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:29.55pt">26,676</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Bruce J. Klatsky</P>
</TD><TD valign=top width=126><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:24.55pt">168,000</P>
</TD><TD valign=top width=15.733><P style="margin:0pt"><BR></P>
</TD><TD valign=bottom width=128.267><P style="margin:0pt; text-indent:31.8pt">22,578</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=110.267><P style="line-height:normal; margin:0pt; padding-right:12.6pt" align=right>3,738<SMALL>(4)</SMALL></P>
</TD><TD valign=top width=18><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=114><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:24.55pt">194,316</P>
</TD></TR>
<TR><TD valign=top width=156><P style="line-height:normal; margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Harry N.S. Lee<SMALL>(5)</SMALL></P>
</TD><TD valign=top width=126><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:29.55pt">20,500</P>
</TD><TD valign=top width=15.733><P style="margin:0pt"><BR></P>
</TD><TD valign=bottom width=128.267><P style="margin:0pt" align=center>&#151;</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=110.267><P style="margin:0pt; padding-right:21.6pt" align=right>0</P>
</TD><TD valign=top width=18><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=114><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:29.55pt">20,500</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Bruce Maggin</P>
</TD><TD valign=top width=126><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:29.55pt">94,000</P>
</TD><TD valign=top width=15.733><P style="margin:0pt"><BR></P>
</TD><TD valign=bottom width=128.267><P style="margin:0pt; text-indent:26.8pt">142,600</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=110.267><P style="margin:0pt; padding-right:21.6pt" align=right>0</P>
</TD><TD valign=top width=18><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=114><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:24.55pt">236,600</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Henry Nasella</P>
</TD><TD valign=top width=126><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:29.55pt">57,000</P>
</TD><TD valign=top width=15.733><P style="margin:0pt"><BR></P>
</TD><TD valign=bottom width=128.267><P style="margin:0pt; text-indent:31.8pt">59,097</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=110.267><P style="margin:0pt; padding-right:21.6pt" align=right>0</P>
</TD><TD valign=top width=18><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=114><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:24.55pt">116,097</P>
</TD></TR>
<TR><TD valign=top width=156><P style="line-height:normal; margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Christian N&#228;ther<SMALL>(6)</SMALL></P>
</TD><TD valign=top width=126><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt" align=center>&#151;</P>
</TD><TD valign=top width=15.733><P style="margin:0pt"><BR></P>
</TD><TD valign=bottom width=128.267><P style="margin:0pt" align=center>&#151;</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=110.267><P style="margin:0pt; padding-right:21.6pt" align=right>&#151;</P>
</TD><TD valign=top width=18><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=114><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt" align=center>&#151;</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Rita M. Rodriguez</P>
</TD><TD valign=top width=126><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:29.55pt">86,500</P>
</TD><TD valign=top width=15.733><P style="margin:0pt"><BR></P>
</TD><TD valign=bottom width=128.267><P style="margin:0pt; text-indent:26.8pt">176,840</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=110.267><P style="margin:0pt; padding-right:21.6pt" align=right>0</P>
</TD><TD valign=top width=18><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=114><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:24.55pt">263,340</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Craig Rydin</P>
</TD><TD valign=top width=126><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:29.55pt">13,500</P>
</TD><TD valign=top width=15.733><P style="margin:0pt"><BR></P>
</TD><TD valign=bottom width=128.267><P style="margin:0pt; text-indent:31.8pt">15,176</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=110.267><P style="margin:0pt; padding-right:21.6pt" align=right>0</P>
</TD><TD valign=top width=18><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=114><P style="margin:0pt; padding-left:0.55pt; padding-right:-6.45pt; text-indent:29.55pt">28,676</P>
</TD></TR>
</TABLE>
<BR></P>
<P style="line-height:11pt; margin:0pt; font-size:9pt" align=center>1</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:9pt; margin-top:0pt; margin-bottom:-9pt; padding-left:55.5pt; text-indent:-19.5pt; font-size:7pt; page-break-before:always">2</P>
<P style="margin:0pt; padding-left:55.5pt">The grant date fair value of options granted in 2006 to our directors was as follows:</P>
<P style="margin:0pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=117></TD><TD width=11.8></TD><TD width=61.1></TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Edward H. Cohen</P>
</TD><TD valign=top width=15.733><P style="margin:0pt" align=center>$</P>
</TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:5.2pt">142,600</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Joseph B. Fuller</P>
</TD><TD valign=top width=15.733><P style="margin:0pt" align=center>$</P>
</TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:5.2pt">142,600</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Joel H. Goldberg</P>
</TD><TD valign=top width=15.733><P style="margin:0pt" align=center>$</P>
</TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:5.2pt">142,600</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Marc Grosman</P>
</TD><TD valign=top width=15.733><P style="margin:0pt" align=center>$</P>
</TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:5.2pt">142,600</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Margaret L. Jenkins</P>
</TD><TD valign=top width=15.733><P style="margin:0pt" align=center>$</P>
</TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:5.2pt">168,100</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Bruce J. Klatsky</P>
</TD><TD valign=top width=15.733><P style="margin:0pt" align=center>$</P>
</TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:5.2pt">142,600</P>
</TD></TR>
<TR><TD valign=top width=156><P style="line-height:normal; margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Harry N.S. Lee<SMALL>(5)</SMALL></P>
</TD><TD valign=top width=15.733><P style="margin:0pt" align=center>$</P>
</TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:5.2pt">142,600</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Bruce Maggin</P>
</TD><TD valign=top width=15.733><P style="margin:0pt" align=center>$</P>
</TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:5.2pt">142,600</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Henry Nasella</P>
</TD><TD valign=top width=15.733><P style="margin:0pt" align=center>$</P>
</TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:5.2pt">142,600</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Rita M. Rodriguez</P>
</TD><TD valign=top width=15.733><P style="margin:0pt" align=center>$</P>
</TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:5.2pt">142,600</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Craig Rydin</P>
</TD><TD valign=top width=15.733><P style="margin:0pt" align=center>$</P>
</TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:5.2pt">168,100</P>
</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<P style="line-height:9pt; margin-top:0pt; margin-bottom:-9pt; padding-left:55.5pt; text-indent:-19.5pt; font-size:7pt">3</P>
<P style="margin:0pt; padding-left:55.5pt">The number of options outstanding for each of our directors as of February 4, 2007 was as follows:</P>
<P style="margin:0pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=117></TD><TD width=11.8></TD><TD width=61.1></TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Edward H. Cohen</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:10.2pt">48,000</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Joseph B. Fuller</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:10.2pt">72,000</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Joel H. Goldberg</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:10.2pt">34,500</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Marc Grosman</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:10.2pt">72,000</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Margaret L. Jenkins</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:10.2pt">10,000</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Bruce J. Klatsky</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:5.2pt">122,500</P>
</TD></TR>
<TR><TD valign=top width=156><P style="line-height:normal; margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Harry N.S. Lee<SMALL>(5)</SMALL></P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=81.467><P style="margin:0pt; text-indent:30.7pt">&#151;</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Bruce Maggin</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:10.2pt">68,000</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Henry Nasella</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:10.2pt">20,000</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Rita M. Rodriguez</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:10.2pt">20,000</P>
</TD></TR>
<TR><TD valign=top width=156><P style="margin:0pt; padding-left:21.6pt; padding-right:-51.15pt; text-indent:-21.6pt">Craig Rydin</P>
</TD><TD valign=top width=15.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=81.467><P style="margin:0pt; text-indent:10.2pt">10,000</P>
</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<P style="line-height:9pt; margin-top:0pt; margin-bottom:-9pt; padding-left:55.5pt; text-indent:-19.5pt; font-size:7pt">4</P>
<P style="margin:0pt; padding-left:55.5pt">Consists of expenses for Mr. Klatsky&#146;s spouse relating to her accompanying him to our annual off-site budget, planning and strategy meetings, including travel, hotel and recreational activities and additional discounts received by Mr. Klatsky at our Calvin Klein Collection store above the discount provided to all directors.</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:9pt; margin-top:0pt; margin-bottom:-9pt; padding-left:55.5pt; text-indent:-19.5pt; font-size:7pt">5</P>
<P style="margin:0pt; padding-left:55.5pt">Retired as a director effective June 13, 2006.</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:9pt; margin-top:0pt; margin-bottom:-9pt; padding-left:55.5pt; text-indent:-19.5pt; font-size:7pt">6</P>
<P style="margin:0pt; padding-left:55.5pt">Mr. N&#228;ther was elected as a director by the holders of our Series B Convertible Preferred Stock, who had the right to elect separately as a class up to three of our directors. &nbsp;Mr. N&#228;ther, who was the only such director during 2006, resigned in May 2006, and our Series B Convertible Preferred Stock was subsequently cancelled after the conversion of the then outstanding shares. &nbsp;The directors elected by the holders of our Series B Convertible Preferred Stock did not receive fees, option awards or any other compensation from us for their services as directors.</P>
<P style="margin:0pt"><BR>
<BR></P>
<P style="line-height:11pt; margin:0pt; font-size:9pt" align=center>2</P>
<P style="margin:0pt"><BR></P>
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