GUESS INC — Director's Dealing 2007

Oct 22, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GUESS INC (GES)
CIK: 0000912463
Period of Report: 2007-10-18

Reporting Person: Isaacson-Leibowitz Kay (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-18	Common Stock	M	500	$20.12	Acquired	6824	Direct
2007-10-18	Common Stock	S	500	$54.51	Disposed	6324	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-10-18	Stock Option (right to buy)	$20.12	M	500	Disposed	2016-07-18	Common Stock (500)	Direct

Footnotes

F1: On March 12, 2007, the common stock of Guess?, Inc. split 2-for-1, resulting in the reporting person's ownership of 3,162 additional shares of common stock.

F2: The option vests in four equal annual installments on the anniversary of the grant date of July 18, 2006.

F3: Not Applicable.