GUESS INC — Director's Dealing 2008

Sep 16, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GUESS INC (GES)
CIK: 0000912463
Period of Report: 2008-09-12

Reporting Person: MARCIANO PAUL (Director, Vice Chairman & CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-09-12	Common Stock	S	200000	$41.8125	Disposed	9107389	Indirect
2008-09-15	Common Stock	G	225000	—	Disposed	8882389	Indirect
2008-09-15	Common Stock	S	37500	$42.00	Disposed	1627472	Indirect
2008-09-16	Common Stock	S	62500	$41.814	Disposed	1564972	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	57700	Direct
Common Stock	220000	Indirect
Common Stock	2181700	Indirect

Footnotes

F1: The price represents the weighted average price of sale at prices ranging from $41.80 to $41.85 The details of the amounts and prices will be provided to shareholders or the SEC on request.

F2: Shares are held by the Paul Marciano Trust dated 2/20/86, a revocable trust of which the reporting person is the sole trustee and sole beneficiary and has the exclusive pecuniary interest.

F3: Not Applicable.

F4: 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.

F5: 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.

F6: Shares are held by JS Capital Holdings, LLC which is owned by the reporting person and two annuity trusts for his benefit. The reporting person has investment control over all of these shares.

F7: Shares are held by NRG Capital Holdings, LLC in accounts specifically allocated to trusts for the benefit of the reporting person and his minor children.