GUESS INC — Director's Dealing 2008

Jun 12, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GUESS INC (GES)
CIK: 0000912463
Period of Report: 2008-06-10

Reporting Person: Relich Michael (SVP & CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-10	Common Stock	M	15000	$7.72	Acquired	47552	Direct
2008-06-10	Common Stock	S	14700	$43.00	Disposed	32852	Direct
2008-06-10	Common Stock	S	300	$43.03	Disposed	32552	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-10	Employee Stock Option (right to buy)	$7.72	M	15000	Disposed	2014-05-03	Common Stock (15000)	Direct

Footnotes

F1: The option vested in four equal installments on May 3 of each 2005, 2006, 2007 and 2008.

F2: Not Applicable.