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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1. Name and Address of Reporting Person * Shaffer Michael A   2. Issuer Name and Ticker or Trading Symbol PVH CORP. /DE/ [PVH] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive VP and CFO (Last) (First) (Middle) C/O PVH CORP., 200 MADISON AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 12/19/2011 (Street) NEW YORK, NY 10016 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 Common Stock, $1 par value 12/19/2011   M   24,750 A $ 36.45 56,273 (1) D   Common Stock, $1 par value 12/19/2011   M   16,958 A $ 26.11 73,231 (1) D   Common Stock, $1 par value 12/19/2011   S   41,708 D $ 68.2913 (2) 31,523 (1) D   Common Stock, $1 par value 12/20/2011   M   42 A $ 26.11 31,565 (1) D   Common Stock, $1 par value 12/20/2011   S   42 D $ 69.03 31,523 (1) D   Common Stock, $1 par value               6,650.208 I By 401(k) plan

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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

Option (Right to Buy)

$ 36.45

12/19/2011

M

24,750

(3)

04/09/2018

Common Stock, $1 par value.

24,750

$ 0

8,250

D

Option (Right to Buy)

$ 26.11

12/19/2011

M

16,958

(4)

04/16/2019

Common Stock, $1 par value.

16,958

$ 0

17,042

D

Option (Right to Buy)

$ 26.11

12/20/2011

M

42

(4)

04/16/2019

Common Stock, $1 par value.

42

$ 0

17,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Shaffer Michael A C/O PVH CORP. 200 MADISON AVENUE NEW YORK, NY 10016			Executive VP and CFO

Signatures

Michael A. Shaffer		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)	Includes 22,372 shares of Common Stock subject to awards of restricted stock units.
(2)	This price is a weighted average price. The sales occurred at prices from $68.00 to $68.71. The reporting person will provide to the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
(3)	This was part of a grant of 33,000 options, of which 8,250 options vested on each of 4/9/09, 4/9/10 and 4/9/11.
(4)	This was part of a grant of 34,000 options, of which 8,500 options vested on each of 4/16/10 and 4/16/11.

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