Lauren David R. Form 4 RALPH LAUREN / Family, L.L.C. Lauren ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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

1. Name and Address of Reporting Person^*

Lauren Family, L.L.C.

(Last) (First) (Middle)

C/O CBIZ MHM, LLC.

1065 AVENUE OF THE AMERICAS - 12TH FLOOR

(Street)

NEW YORK NY 10018

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RALPH LAUREN CORP [ RL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2019

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

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	08/15/2019		S(1)		8,307	D	$84.04(2)	63,121	D(3)
Class A Common Stock	08/15/2019		S(1)		20,950	D	$85.1(4)	42,171	D(3)
Class A Common Stock	08/15/2019		S(1)		4,160	D	$85.87(5)	38,011	D(3)
Class A Common Stock	08/15/2019		S(1)		2,049	D	$86.74(6)	35,962	D(3)
Class A Common Stock	08/15/2019		S(1)		248	D	$88.01	35,714	D(3)
Class A Common Stock	08/15/2019		C		500,004	A	(7)	535,718	D(3)
Class A Common Stock								21,405	D(8)

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 Securities Underlying Derivative Security (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: 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	(7)	08/15/2019		C			500,004	(7)	(7)	Class A Common Stock	500,004	$0.00	5,842,342	D(3)

1. Name and Address of Reporting Person^*

Lauren Family, L.L.C.

(Last) (First) (Middle)

C/O CBIZ MHM, LLC.

1065 AVENUE OF THE AMERICAS - 12TH FLOOR

(Street)

NEW YORK NY 10018

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Lauren David R.

(Last) (First) (Middle)

C/O RALPH LAUREN CORPORATION

650 MADISON AVENUE

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

Explanation of Responses:

1. These sales were made pursuant to a Rule 10b5-1 sales plan in connection with a long-term strategy for estate planning and investment diversification.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.59 to $84.555, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (4) through (6) to this Form 4.

3. These securities are held by Lauren Family, L.L.C., a limited liability company of which Mr. David Lauren is a manager and in which Mr. David Lauren has an indirect pecuniary interest. Mr. David Lauren disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.60 to $85.50, inclusive.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.60 to $86.37, inclusive.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.50 to $87.23, inclusive.

7. The holder of the securities has the right, at the holder's 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. On August 15, 2019, the Lauren Family, L.L.C. converted 500,004 shares of Class B Common Stock into an equal number of shares of Class A Common Stock, in connection with the continuation of previously described planned sales of shares of Class A Common Stock pursuant to a Rule 10b5-1 sales plan providing for sales of up to an aggregate of 1,000,000 shares of Class A Common Stock by the Lauren Family, L.L.C. by the end of this calendar year, subject to the conditions set forth therein, in connection with a long-term strategy for estate planning and investment diversification.

8. These securities are held individually by Mr. David Lauren.

Remarks:

	/s/ Craig L. Smith, Attorney-in-Fact for Andrew Lauren, Manager of Lauren Family, L.LC.	08/16/2019
	/s/ Craig L. Smith, Attorney-in-Fact for David Lauren, Manager of Lauren Family, L.LC.	08/16/2019
	/s/ Craig L. Smith, Attorney-in-Fact for Dylan Lauren, Manager of Lauren Family, L.LC.	08/16/2019
	/s/ Craig L. Smith, Attorney-in-Fact for David Lauren	08/16/2019
	** Signature of Reporting Person	Date
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