SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Phillips-Van Heusen Corporation
(Name of Issuer)
Common Stock, $1.00 per par value share
(Title of Class of Securities)
718592 108
(CUSIP Number)
Carol P. Green, 5800 Blackstone Avenue, Chicago, Illinois 60637;
312-752-2757
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
February 22, 1994
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule
13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement
[ ]. (A fee is not required only if the reporting person: (1)
has a previous statement on file reporting beneficial ownership
of more than five percent of the class of securities described in
Item 1; and (2) has filed no amendment subsequent thereto
reporting beneficial ownership; of five percent or less of such
class.) (See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in
a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however,
see the Notes).
<PAGE>
________________________ _________________________
CUSIP NO. 718592 1 0 8 13D Page 2 of 7 Pages
________________________ _________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Carol P. Green S.S. No. ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
00
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
7 SOLE VOTING POWER
NUMBER OF 1,272,693
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 1,272,693
WITH
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,272,693
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
[ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8% (SEE Item 3)
14 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1 Security and Issuer
Common Stock, par value $1.00
Phillips Van-Heusen Corporation
1290 Avenue of the Americas
New York, New York 10104
ITEM 2 Identity and Background
(a) Carol P. Green
(b) 5800 Blackstone Avenue
Chicago, Illinois 60637
(c) Ms. Green is retired.
(d) N/A
(e) N/A
(f) United States of America
ITEM 3 Source and Amount of Funds or Other Consideration
Carol P. Green is a trustee of the Madelyn S. Phillips
Grantor Trust A ("Trust A") created on October 14, 1988 and has
sole voting and investment power with respect to all of the
shares owned by Trust A. Ms. Green is the trustee of the
Lawrence S. Phillips 1989 GRIT (the "Phillips GRIT") created on
October 31, 1989, and has sole voting and investment power with
respect to all of the shares owned by that trust. Ms. Green is
also a director and the President of the Phillips-Green
Foundation, Inc. (the"Foundation"), a charitable foundation
organized under the Not-for-Profit Corporation Law of the State
of New York, and as such is deemed to be the beneficial owner of
any shares of the Company's Common Stock held by the Foundation.
On May 4, 1992, Ms. Green ceased to be the beneficial owner
of more than five percent of the outstanding stock of the Company
and on May 31, 1993, an amendment was filed to Ms. Green's
Schedule 13D on file with the Securities and Exchange Commission
reflecting such event. On February 22, 1994, the Foundation
received a gift of 142,349 shares of Common Stock from the
Madelyn S. Phillips Grantor Trust B ("Trust B"). As a result of
such gift Ms. Green's beneficial ownership of the Company's
Common Stock increased to 1,415,042 shares constituting 5.3% of
the outstanding shares of the Common Stock.
From March 9, 1994 through March 18, 1994, the Foundation
sold all 142,349 shares it received from Trust B through a series
of open market transactions.
<PAGE>
As a result, Ms. Green's ownership of Common Stock decreased to 1,272,693
shares of the Company's Common Stock (approximately 4.8% of the
outstanding shares of the Common Stock of the Company as of such date)
and she is no longer subject to the reporting requirements of Schedule 13D.
(See Item 5(c) and (e)).
As of the date hereof, the shares of Common Stock of the
Company owned by the aforementioned entities and the reporting
person are as follows:
Trust A 917,260 shares
Phillips GRIT 194,000 shares
The Foundation 0 shares
Carol P. Green 161,433 shares
___________________
1,272,693 shares
ITEM 4 Purpose of Transaction
The Foundation acquired 142,349 shares of the Company's
Common Stock as a gift and will use the proceeds of such shares
for charitable purposes. The disposition of such shares is
described in Item 3 and Item 5(c) of this Schedule 13D. Ms.
Green has no present plans or proposals which would result in any
of the actions enumerated in Item 4 of Schedule 13D or in any
similar actions.
ITEM 5 Interest in Securities of the Issuer
(a) Aggregate number of shares beneficially owned as of the
date hereof:
Carol P. Green 1,272,693 shares
Percent of Class
Carol P. Green 4.8%
<PAGE>
(b) Number of shares as to which there is sole power to
vote or direct the vote:
Carol P. Green 1,272,693 shares
Number of shares as to which there is sole power to
dispose or to direct the disposition:
Carol P. Green 1,272,693 shares
(c) During the last sixty days the following transactions
were effected:
(1) Trust A:
2/14/94 Transfer of 834 shares as payment of
trustee fees.
2/14/94 Transfer of 834 shares as payment of
trustee fees.
2/14/94 Transfer of 3,100 shares as payment of
trustee fees.
2/14/94 Transfer of 3,100 shares as payment of
trustee fees.
(2) Ms. Green:
2/14/94 Acquired 834 shares in payment of
trustee fees.
2/14/94 Acquired 3,100 shares in payment of
trustee fees.
(3) The Foundation:
1/19/94 Sold 2,500 shares at $34.75.
1/21/94 Sold 2,500 shares at $36.00.
1/28/94 Acquired 4,394 shares pursuant to a
donation.
2/14/94 Sold 4,934 shares at $33.625.
2/22/94 Acquired 142,349 shares pursuant to a
donation from Trust B.
3/9/94 Sold 9,300 shares at $36.25.
<PAGE>
3/11/94 Sold 1,000 shares at $36.25.
3/11/94 Sold 8,049 shares at $36.50.
3/14/94 Sold 8,500 shares at $36.25.
3/14/94 Sold 14,000 shares at $36.125.
3/15/94 Sold 51,500 shares at $36.00.
3/16/94 Sold 12,500 shares at $36.75.
3/16/94 Sold 1,500 shares at $37.00.
3/16/94 Sold 6,100 shares at $37.125.
3/16/94 Sold 17,400 shares at $37.25.
3/16/94 Sold 2,500 shares at $36.50.
3/18/94 Sold 10,000 shares at $38.125.
(4) Phillips GRIT:
None
All of the foregoing transactions, other than donations
and payment of trustees' fees, were effected by brokers
on the open market.
(d) Not applicable.
(e) On March 15, 1994, Ms. Green's beneficial ownership of
the Company's Common Stock decreased from 1,336,693
shares (5.04% of outstanding shares) to 1,322,693
shares (4.99% of outstanding shares) and she therefore
ceased to be the beneficial owner of more than five
percent of the Common Stock of the Company.
ITEM 6 Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
N/A
ITEM 7 Material to be Filed as Exhibits
None
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Date: May ___, 1994
______________________________
Carol P. Green
