Sec Form 4 Filing - CIAMPI MARIO @ CHILDRENS PLACE RETAIL STORES INC - 2006-04-18

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person CIAMPI MARIO 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) President, Disney Store North (Last) (First) (Middle) 915 SECAUCUS ROAD 3. Date of Earliest Transaction (MM/DD/YY) 04/18/2006 (Street) SECAUCUS, NJ07094 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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) Code V Amount (A) or (D) Price Common Stock, Par Value $.10 04/18/2006 M 14,400 A $ 23.94 50,064 ( 1 ) D Common Stock, Par Value $.10 04/18/2006 M 22,639 A $ 25.625 72,703 ( 1 ) D Common Stock, Par Value $.10 04/18/2006 S 37,039 D $ 59.25 35,664 ( 1 ) D Common Stock, Par Value $.10 04/19/2006 M 720 A $ 23.94 36,384 ( 1 ) D Common Stock, Par Value $.10 04/19/2006 M 7,395 A $ 20.3125 43,779 ( 1 ) D Common Stock, Par Value $.10 04/19/2006 S 8,115 D $ 62.08 ( 5 ) 35,664 ( 1 ) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Employee Stock Option (right to buy) $ 23.94 04/18/2006 M 14,400 09/18/2002( 2 ) 11/01/2011 Common Stock 14,400 $ 0 3,600 ( 3 ) D Employee Stock Option (right to buy) $ 25.625 04/18/2006 M 22,639 09/18/2004( 4 ) 12/05/2013 Common Stock 22,639 $ 0 7,361 ( 3 ) D Employee Stock Option (right to buy) $ 23.94 04/19/2006 M 720 01/27/2006 11/01/2011 Common Stock 720 $ 0 2,880 ( 3 ) D Employee Stock Option (right to buy) $ 20.3125 04/19/2006 M 7,395 07/31/2004( 4 ) 07/11/2010 Common Stock 7,395 $ 0 0 ( 3 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other CIAMPI MARIO 915 SECAUCUS ROAD SECAUCUS, NJ07094 President, Disney Store North Signatures Mario Ciampi (by Steven Balasiano as Attorney-in-Fact) 04/20/2006 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Does not include any shares underlying options, whether vested or unvested. ( 2 )3,600 options became exercisable on each of September 18, 2002, September 18, 2003, September 18, 2004 and September 18, 2005. ( 3 )Only includes those options with the same exercise price and the same date of grant. ( 4 )2,395 options became exercisable on July 31, 2004 and 5,000 option became exercisable on July 31, 2005. ( 5 )Reflects the average price of multiple transactions on April 19, 2006, at prices ranging from $62.06 to $62.15.

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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