X0201 4 2004-01-29 0 0000352363 CLAIBORNE LIZ INC LIZ 0001227370 ARONSON BERNARD W 1 0 0 0 Common Stock, par value $1 per share 2004-01-29 2004-01-30 4 M 0 15 0 A 6409 D Phantom Stock 0 2004-01-29 2004-01-30 4 A 0 15 0 A 2004-01-29 2004-01-29 Common Stock, par value $1 per share 15 65 D Phantom Stock 0 2004-01-30 4 A 0 13 0 A 2004-01-30 2006-01-31 Common Stock, par value $1 per share 13 2758 D Represents shares of phantom stock credited to Reporting Person as dividends on Issuer's Common Stock, the receipt of which was previously delayed by Reporting Person pursuant to Reporting Person's election under Issuer's Outside Directors' 1991 Stock Ownership Plan. Upon distribution of the previously deferred shares of Common Stock, the shares of phantom stock converted to Common Stock on a one-for-one basis. The conversion was deemed to occur as of the date recorded on Issuer's records. 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 2004-02-03