X0304 4 2012-01-31 0 0000352363 CLAIBORNE LIZ INC LIZ 0001197174 KARCH NANCY J 162 HORIZON LANE BEDFORD NY 10506 1 0 0 0 Common Stock, par value $1 per share 2012-01-31 4 M 0 71 0.00 A 105280 D Phantom Stock 0.00 2012-01-31 4 M 0 71 0.00 D 2012-01-31 2012-01-31 Common Stock, par value $1 per share 71 145 D Represents shares of phantom stock credited to Reporting Person as dividends on previously granted Common Stock, the receipt of which was previously delayed by Reporting Person pursuant to Reporting Person's election under Issuer's Outside Director's Deferral 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. Nicholas Rubino, as Attorney-In-Fact 2012-02-02