X0201 4 2004-01-05 0 0000352363 CLAIBORNE LIZ INC LIZ 0001173882 SOCOL HOWARD C/O GUESS INC 1444 S ALAMEDA ST LOS ANGELES CA 90021 1 0 0 0 Phantom Stock 0 2004-01-05 4 A 0 356 35.03 A 2004-01-05 2004-01-05 Common Stock, par value $1 per share 356 594 D Represents shares of phantom stock credited to Reporting Person pursuant to Reporting Person's election to defer receipt of cash compensation for Board and Board Committee retention fees under the Issuer's Outside Directors' 1991 Stock Ownership Plan. The grant was deemed to occur as of the date recorded on Issuer's records. Shares convert to Common Stock on a one-for-one basis. Nicholas J. Rubino, as attorney-in-fact 2004-01-07