X0201 4 2004-01-22 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 2004-01-22 4 A 0 27 0 A 2004-01-22 2004-01-22 Common Stock, par value $1 pers hare 27 650 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 and meeting 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 2004-01-26