- Statement of Changes in Beneficial Ownership (4)

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 OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5
	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(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * FELDENKREIS OSCAR	2. Issuer Name and Ticker or Trading Symbol PERRY ELLIS INTERNATIONAL INC [ PERY ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __ X __ Director                      __ X __ 10% Owner __ X __ Officer (give title below)      _____ Other (specify below) President and COO
(Last)          (First)          (Middle) 3000 N.W. 107TH AVENUE	3. Date of Earliest Transaction (MM/DD/YYYY) 1/3/2012
(Street) MIAMI, FL 33172 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	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. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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	1/3/2012		M		225000	A	$9.5	600000   (1)	D
Common Stock								4350   (2)	I	See Footnote
Common Stock								842686   (3)	I	See Footnote

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		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 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
Stock Options	$9.50	1/3/2012		M			225000	12/5/2002	12/4/2012	Common Stock	225000	$ 0	0	D
Stock Appreciation Right	$28.38							4/11/2012   (4)	4/10/2018	Common Stock	57894		57894	D
Stock Appreciation Right	$24.93							4/19/2011   (5)	4/18/2017	Common Stock	70674		70674	D
Stock Options	$4.63							3/18/2010   (6)	3/17/2019	Common Stock	250000		250000	D
Stock Options	$16.593							3/4/2004	3/3/2014	Common Stock	67500		67500	D

Explanation of Responses:
( 1)	Includes 375,000 restricted shares of the Company's common stock, which generally vest 100% on Mr. Feldenkreis' 60th birthday, provided that he is still an employee of the Company on such date, and the Company has met certain performance criteria.
( 2)	Owned by the Oscar Feldenkreis Revocable Trust UAD 05/06/11, of which the Reporting Person is Trustee.
( 3)	Owned by a limited partnership of which the Reporting Person is the sole shareholder of the general partner and the sole limited partner.
( 4)	The shares subject to the stock appreciation right shall vest and become exercisable as follows: 19,298 shares on April 11, 2012; 19,298 shares on April 11, 2013; and 19,298 shares on April 11, 2014.
( 5)	The shares subject to the stock appreciation right shall vest and become exercisable as follows: 23,558 shares on April 19, 2011; 23,558 shares on April 19, 2012; and 23,558 shares on April 19, 2013.
( 6)	The shares subject to the option shall vest and become exercisable as follows: 125,000 shares on March 18, 2011 and 125,000 shares on March 18, 2012.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
FELDENKREIS OSCAR 3000 N.W. 107TH AVENUE MIAMI, FL 33172	X	X	President and COO

Signatures
/s/ Oscar Feldenkreis		1/5/2012
** 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).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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