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 AVENUE		 3. Date of Earliest Transaction (Month/Day/Year)
05/20/2015
(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 05/20/2015   M   75,761 A $ 43.035 550,943.03 D  
Class A Common Stock 05/20/2015   S   75,761 D $ 131.79 (1) 475,182.03 D  
Class A Common Stock 05/21/2015   M   74,239 A $ 43.035 549,421.03 D  
Class A Common Stock 05/21/2015   M   100,000 A $ 57.755 649,421.03 D  
Class A Common Stock 05/21/2015   S   169,634 D $ 131.45 (2) 479,787.03 D  
Class A Common Stock 05/21/2015   S   4,605 D $ 131.73 (3) 475,182.03 D  
Class A Common Stock               35,854 I By Trust (4)

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) $ 43.035 05/20/2015   M     75,761   (5) 06/15/2015 Class A Common Stock 75,761 $ 0 74,239 D  
Class A Common Stock Option (Right to Buy) $ 43.035 05/21/2015   M     74,239   (5) 06/15/2015 Class A Common Stock 74,239 $ 0 0 D  
Class A Common Stock Option (Right to Buy) $ 57.755 05/21/2015   M     100,000   (6) 07/14/2015 Class A Common Stock 100,000 $ 0 0 D  

Reporting Owners

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

Signatures

 /s/ Yen D. Chu, Attorney-in-Fact for Ralph Lauren   05/22/2015
**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 price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $131.39 to $132.30. Upon request of the SEC staff, 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.
(2) The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $130.71 to $131.70. Upon request of the SEC staff, 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) The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $131.71 to $131.77. Upon request of the SEC staff, 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.
(4) These shares of Class A Common Stock are held by a revocable trust of which the reporting person is sole trustee and sole beneficiary.
(5) The options vested and became exercisable in three equal annual installments beginning on June 15, 2006. These options were scheduled to expire on June 15, 2015.
(6) The options vested and became exercisable in three equal annual installments beginning on July 14, 2009. These options were scheduled to expire on July 14, 2015.

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