GUESS INC — Director's Dealing 2007

Jun 19, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GUESS INC (GES)
CIK: 0000912463
Period of Report: 2007-06-15

Reporting Person: Relich Michael (SVP & CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-15	Common Stock	M	10000	$7.72	Acquired	37900	Direct
2007-06-15	Common Stock	S	9700	$49.40	Disposed	28200	Direct
2007-06-15	Common Stock	S	300	$49.42	Disposed	27900	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-15	Employee Stock Option (right to buy)	$7.72	M	10000	Disposed	2014-05-03	Common Stock (10000)	Direct

Footnotes

F1: The option vested 25% on each May 3 of 2005, 2006 and 2007; the remaining 25% will vest on May 3, 2008.

F2: Not applicable.