GUESS INC — Director's Dealing 2008

Sep 17, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GUESS INC (GES)
CIK: 0000912463
Period of Report: 2008-09-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-09-15	Common Stock	S	37500	$42.00	Disposed	1627470	Indirect
2008-09-16	Common Stock	S	62500	$41.814	Disposed	1564970	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	120100	Direct
Common Stock	14303792	Indirect
Common Stock	3199256	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: The price represents the weighted average price of sale at prices ranging from $41.67 to $41.85. The details of the amounts and prices will be provided to shareholders or the SEC on request.

F3: 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.

F4: Shares are held by MNM Capital Holdings, LLC in accounts specifically allocated to trusts for the benefit of the reporting person and his children.

F5: Held by Maurice Marciano Gift Trust FBO Caroline Marciano, of which the reporting person is the sole trustee.