GUESS INC — Director's Dealing 2007

Mar 5, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GUESS INC (GES)
CIK: 0000912463
Period of Report: 2007-03-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-01	Common Stock	S	40400	$81.50	Disposed	1527128	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	31800	Direct
Common Stock	2494985	Indirect
Common Stock	7022596	Indirect
Common Stock	10000	Indirect
Common Stock	35	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 minor 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 minor children.

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