SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

ROSE MARK

(Last)

(First)

(Middle)

C/O THE CHILDREN'S PLACE RETAIL STORES

915 SECAUCUS RD

(Street)

SECAUCUS

07094

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CHILDRENS PLACE RETAIL STORES INC [ PLCE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, Chief Supply Chain Off.

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2009

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.10 per share	05/26/2009		M		6,081⁽¹⁾	A	$11.23	37,539⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		1⁽²⁾	D	$34.19	37,538⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		199⁽²⁾	D	$34.21	37,339⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		100⁽²⁾	D	$34.22	37,239⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		100⁽²⁾	D	$34.26	37,139⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		200⁽²⁾	D	$34.31	36,939⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		400⁽²⁾	D	$34.46	36,539⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		200⁽²⁾	D	$34.95	36,339⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		100⁽²⁾	D	$35.23	36,239⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		100⁽²⁾	D	$35.27	36,139⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		100⁽²⁾	D	$35.31	36,039⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		400⁽²⁾	D	$35.39	35,639⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		400⁽²⁾	D	$35.4	35,239⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		200⁽²⁾	D	$35.45	35,039⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		500⁽²⁾	D	$35.5	34,539⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		100⁽²⁾	D	$35.53	34,439⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		300⁽²⁾	D	$35.57	34,139⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		43⁽²⁾	D	$35.58	34,096⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		38⁽²⁾	D	$35.59	34,058⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		200⁽²⁾	D	$35.66	33,858⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		100⁽²⁾	D	$35.67	33,758⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		200⁽²⁾	D	$35.68	33,558⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		200⁽²⁾	D	$35.81	33,358⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		300⁽²⁾	D	$35.83	33,058⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		200⁽²⁾	D	$35.84	32,858⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		100⁽²⁾	D	$35.89	32,758⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		200⁽²⁾	D	$35.98	32,558⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		1⁽²⁾	D	$36	32,557⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		100⁽²⁾	D	$36.02	32,457⁽³⁾	D
Common Stock, par value $0.10 per share	05/26/2009		S		200⁽²⁾	D	$36.03	32,257⁽³⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Options (Right to Buy)	$11.23	05/26/2009		M			6,081	⁽⁴⁾	01/30/2013	Common Stock	6,081	$0	0	D

Explanation of Responses:

1. These shares of common stock, par value $0.10 per share ("Common Stock"), of The Children's Place Retail Stores, Inc. (the "Company") were issued upon the exercise of options pursuant to a previously adopted Rule 10b5-1 trading plan (the "Rule 10b5-1 Trading Plan").

2. These shares of Common Stock were sold pursuant to the Rule 10b5-1 Trading Plan.

3. Includes 9,678 shares of Common Stock underlying deferred stock awards that have not yet vested.

4. Initially, these options were to become exercisable in five equal installments of 20% (on a cumulative basis) commencing on September 18, 2003 and each anniversary thereof. On January 27, 2006, the Company accelerated the vesting of all options that had not vested and all of these options became exercisable on December 5, 2007.

Remarks:

Exhibit List Exhibit 24 - Power of Attorney

	/s/ Mark Rose	05/28/2009
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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