GUESS INC — Director's Dealing 2007

Jul 10, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GUESS INC (GES)
CIK: 0000912463
Period of Report: 2007-07-05

Reporting Person: MARCIANO MAURICE (Director, Chairman of the Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-05	Common Stock	S	200	$49.42	Disposed	13644292	Indirect
2007-07-05	Common Stock	S	300	$49.43	Disposed	13643992	Indirect
2007-07-05	Common Stock	S	900	$49.44	Disposed	13643092	Indirect
2007-07-05	Common Stock	S	27000	$49.45	Disposed	13616092	Indirect
2007-07-05	Common Stock	S	1000	$49.46	Disposed	13615092	Indirect
2007-07-05	Common Stock	S	1700	$49.47	Disposed	13613392	Indirect
2007-07-05	Common Stock	S	200	$49.48	Disposed	13613192	Indirect
2007-07-05	Common Stock	S	200	$49.49	Disposed	13612992	Indirect
2007-07-05	Common Stock	S	1700	$49.51	Disposed	13611292	Indirect
2007-07-05	Common Stock	S	200	$49.52	Disposed	13611092	Indirect
2007-07-05	Common Stock	S	25000	$49.70	Disposed	13586092	Indirect
2007-07-05	Common Stock	S	25000	$50.01	Disposed	13561092	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	87700	Direct
Common Stock	4739970	Indirect
Common Stock	2779256	Indirect
Common Stock	20000	Indirect
Common Stock	70	Indirect

Footnotes

F1: Shares are held by Marciano Financial Holdings II, LLC in accounts specifically allocated to trusts for the benefit of the reporting person and his children.

F2: Shares are held by the Maurice Marciano Trust (2005 Restatement), a revocable trust of which the reporting person is the sole trustee and sole beneficiary and has the exclusive pecuniary interest.

F3: Shares are held by MNM Capital Holdings, LLC in accounts specifically allocated to trusts for the benefit of the reporting person and his children.

F4: Held by Maurice Marciano Gift Trust FBO Caroline Marciano, of which the reporting person is the sole trustee.